The catalog of wishful thinking technically classified as reports on the economy emanating from the Associated Press, aka the Administration's Press, grows with virtually each passing business day.
One of yesterday's additions to the mountainous pile came from the AP's Christopher Rugaber. Tasked with covering the Federal Reserve's report on October's industrial production, he devoted 10 of his 11 paragraphs in his dispatch to manufacturing. He didn't even tell readers that the Fed's release was about anything besides manufacturing until his ninth paragraph. The AP's headline writers also cooperated by only mentioning manufacturing. In an utterly amazing "coincidence" (no, not really), manufacturing is the only one of the Fed report's three major industry groups which turned in a positive performance: