Loading ...“It can’t happen to me”
Not once throughout this Globalized fiasco have the masses at large questioned where all of their cheap merchandise comes from – who does the heavy lifting doing all of the things “we” used to do, but for ten cents on the dollar. This week was the fulcrum moment as the zero sum exploitation mentality that has pervaded Globalization from the beginning came back home to roost. Trump is adamant he can “win” a global trade war by attacking his own supply chain. He can’t. For the past decades, the *Free* Trade Faustian Bargain put the jobs in Asia and the corporate profits in the S&P 500. Reversing that equation is now generating a global markets crash. The biggest dislocations so far are in the world’s second largest economy, where GDP growth, the currency, and stocks have been getting pounded. The Shanghai Composite is now in a bear market and barely above the 2016 low.
From Ponzi World=who does the heavy lifting doing all of the things “we” used to do, but for ten cents on the dollar.
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