Going Nowhere

“The reluctance to move is all the more confounding given how wide the opportunity gap has grown between the country’s most dynamic urban areas and its struggling small cities and towns, a divide driven by a mix of factors that include technology, globalization, and economic concentration.” Bloomberg: Why Do Americans Stay When Their Town Has No Future?

+ “Even with a surplus in demand for its product, Caterpillar CEO Jim Umpleby told investors last month the company will not invest in factory capacity. Instead, it plans to spend more on new technologies, expanding its parts business and selling more rental and used equipment.” Reuters with a very interesting look at the new state of manufacturing supply and demand. Why Caterpillar can’t keep up with a boom in demand.

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