Friday, September 23, 2016
Globalization Is Going Bankrupt
Free Trade is predicated upon the specious theory of Comparative Advantage: The economic fantasy that two countries will gain from open trade even when one country is far more cost competitive in all aspects. Several decades later and several thousand factories obliterated and now China is the factory to the world while we specialize in Cappuccino production subsidized with total debt at 350% of GDP. So much for textbook theories and the dunces who believe them...
Amazon versus Sears
Then there were none...
Amazon versus Sears, US 10 Year Treasury, Deutsche Bank, Global Trade (BDI), and Junk Bonds
Posted by Mac10 at 1:16 PM