Interesting milestone in 2008, according to the BEA. For the first time ever (well, at least since 1947) manufacturing was no longer the largest recipient of US nonresidential investment. The new champ? Mining. $216 billion in new fixed assets in mining (mostly in oil and gas extraction), and only $208 billion in manufacturing.
I don't remember seeing this written about anywhere, but it seems like it should mean something.
it means "drill baby drill."
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