Tag Archives: globalization
The Ugly End of Globalization
About this time, something even more historic happened. Roughly one billion Chinese workers, who were willing to work for less than peanuts, joined the global workforce. As a result, the U.S. was able to export its inflation – and jobs – to China and other emerging economies over the next three decades. Continue reading
Posted in Inflation, MN Gordon
Tagged china, collapse, dow 27000, federal reserve, globalization
26 Comments
Hanjin Marooning in San Pedro Bay
Expansions and contractions in global trade have played out over long secular trends for thousands of years. The Silk Road, for example, was established by the Han Dynasty of China in 130 BC, and allowed for continuous trade between east … Continue reading
Posted in Economy, MN Gordon
Tagged deglobalization, globalization, hanjin, port of long beach, port of los angeles, san pedro bay, silk road
2 Comments
