Gudovac hesitates to post economic information here. However, this graph tells the story in one stunning image. Click on image for high resolution. This data should clarify the Backlog situation at Capital Goods companies. Please note, this data is only for the USA. If one would overlay EU and BRIC's demand the picture would be different. Therefore, Owners need to understand a Enterprise's market. Also note, this data does not represent final destination (ie to). This data represents shipments from US plants.
Therefore, the date includes Capital Goods which were manufactured in the US but ultimately exported. Owners would do well to understand exactly how a) trade weighted declines in the US dollar vs. b) demand destruction vs. c) increases in local content might change future demand.
Gudovac is confident that First Rate Management teams can respond pro-actively to changes in the macro-economic climate - benefiting their Owners.
Gudovac is also confident that the USA will continue to be a manufacturing powerhouse . US share of world manufacturing output will continue to remain in 20% range.
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