If you want to see what US re-industrialization and China decoupling looks like, behold! The US is currently building factories like gangbusters. And not just finished goods manufacturing — things like semiconductors is definitely a big part of it — but we’re also seeing massive expansion in primary industries. Such as in ore and mineral processing.

The right side of this chart might be cut off, but it’s worth seeing.

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Some prominent people like to argue “decoupling will never happen”. But they seem to be missing the fact that it actually is happening.

Thank god.