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Industrial Production -- another V-sign

Industrial production has surged at a 9.3% annualized rate since the recession ended late last June. Consumers are getting back their spending mojo, and factories are gearing back up after having shut down in a panic. This is just the standard stuff of any recovery. Factories still have tons of idle capacity, but that just means that revving up production is relatively cheap and painless—no need to go out and build new plants, just turn the machinery on.

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