Wednesday, April 09, 2008
Chaos, having had no training or experience, rarely comments upon economic issues or trends. A couple of days ago, however, articles appeared simultaneously in different publications, essentially pointing to the same concept...the Empire's free ride at the expense of the rest of the world is now coming to an end. Specifically, the decline of the currency, combined with dramatic inflation in Asian countries, means that cheap goods imported from the rest of the world is going extinct. Here's the link in the nation's paper of record, while in this online magazine (owned by the Post Companies) was this analysis. Not the last word, certainly, and readers interested in alternative points of view might want to journey over to Mish's Global Economic Analysis, but interesting, as synchronicity usually is.