Page 6 - Jared Morris News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> you could categorize the last few booms we've had as soft or speculative. there was the dotcom boom and housing speculations. >> that's a correct point that mr. morris emphasizes. if you have a boom based on, say, a housing bubble, artfully inflated asset prices, home in the -- homes in the case of 2000, stocks in the case of the dotcom bubble, that's a very different and i agree with your adjective of softer kind of underlying recovery than something based on energy and manufacturing where we're building things. in the manufacturing story, however, there's an interesting dynamic there. it'...

>> jared morris has a column for pbs in which he argues that the u.s. is on the brink of an economic boom thanks to fuel production and heavy manufacturing. are you seeing any signs of that? >> certainly in terms of energy production, and that's a good thing. for example, for decades we've been a net importer of petroleum products, things like jet fuel and other types of petroleum. well, lately over the past couple of years we've actually become a net exporter and that, of course, helps our economy. i think the question is, and to some extent the article may be slightly overoptimistic in the f...

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