Rumors of US Death Greatly Exaggerated

What’s this? Manufacturing plants being built in the US?
http://www.reuters.com/article/2011/12/16/us-apple-samsung-idUSTRE7BF0D420111216

The US a net exporter of energy in Q4?
http://online.wsj.com/article/APf917509ee61344a38638e2c08bc47090.html

Once again the conventional wisdom of the US being dead is, well, dying. As I always say about conventional wisdom: always bet the other way.