In his speech at Carrier yesterday (video embedded below), Donald Trump revealed some information that should comfort those market purists worried about America insulating itself from global markets and thereby falling behind overseas competitors.  He revealed that the reported $16 million is likely to end up a much higher figure because the company is committing to next-generation manufacturing. It is quite understandable that a lowball figure has been used by Carrier, as they want to limit what they may be on the hook to spend.  They can always spend more, and the banter Trump threw at the company’s president indicates that he and Trump did discuss the nature of the reconceptualization of manufacturing that the company had (obviously) already studied and compared with the financial results of moving the Indy factor to Monterrey.  Until Trump put his thumb on the company’s scale, that calculus favored Monterrey.  Unlike Barack Obama, Trump...(Read Full Post)