Comment: Will U.S. Manufacturing Come Home?

Hard to say. Right now every industrialized and emerging market economy is in a mercantile race to the bottom with regard to competitive currency devaluations in an attempt to gain export advantage. Very much like the 1930s. Point to recognize is is that the whole world cannot run a trade surplus with itself. Of course you could have a perfectly balanced global trade account if no country exported or imported, but if you think unemployment is a problem now, just contemplate what a collapse of global trade would mean. Growing output of domestic natural gas and oil will help the U.S. economy and minimize the potential for us to become embroiled in Mid-East wars over oil.