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People are skeptical of reshoring. They feel like they've heard it forever,

and it's never actually materialized. But we've also never had a big

pandemic that drove massive supply chain disruption that drove an inflation driven down turn.

So maybe every cycle is different.

Hello and welcome to the Baron StreetWise podcast. I'm Jack Howe.

And the voice you just heard, that's Chris Snyder. He covers industrial companies for UBS. He says

that there is a manufacturing boom in manufacturing. America is building a lot of factories.

We're going to talk about what that means for stock investors. We'll also talk about bonds

and how the relationship between short yields and long yields has gotten wacky.

Schwab Chief Fixed Income Strategist Kathy Jones has advice on how to proceed.

Listening in is our audio producer Meta. Hi Meta. Hey Jack. You want to start with a manufacturing

trivia question? Sure. Where was the first American factory built? There's a city here,

but I'll settle for the state. And I'll give you a hint. It was during the Washington

administration as in George, as in we're talking super old timey. And back then I think that if my

knowledge of history serves, most of the stuff going on in the country was on the right side.

So think East. Pennsylvania. It's a good guess. The answer is Rhode Island and the city of Paw

Tucket. And if we have listeners right now from Paw Tucket, I'd like you to give yourselves a round

of applause. Let me explain to you just how important you are to this podcast and why we're here today.

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