Cheap immigrant is still coming in, especially when the US maintain its competitive growth and opportunity, I don't see that changing any time soon.
Cheap goods aren't just from China anymore, the biggest advantages trading with China was its great supply chain, from raw material, manufacturing and transport. I think it's not an irreplaceable advantage though, since much of it could be moved offshore.
EU will have to accept they will struggle due to Russia/Ukraine conflict. That being said, I think Russia doesn't want to drag the war out, and the energy transition will take time to complete.
The quiet part out loud: "central banks are done fighting deflation with asset price inflation, and are now fighting inflation with asset price deflation", Zoltan masterfully explains.
There's a thread by gladstein about the report. The Tweet that kicked off the thread is:
https://twitter.com/gladstein/status/1554552612501958656
https://nitter.it/gladstein/status/1554552612501958656 <-- Shows the thread in a single, easy-to-read, web page
Cheap immigrant is still coming in, especially when the US maintain its competitive growth and opportunity, I don't see that changing any time soon.
Cheap goods aren't just from China anymore, the biggest advantages trading with China was its great supply chain, from raw material, manufacturing and transport. I think it's not an irreplaceable advantage though, since much of it could be moved offshore.
EU will have to accept they will struggle due to Russia/Ukraine conflict. That being said, I think Russia doesn't want to drag the war out, and the energy transition will take time to complete.
The quiet part out loud: "central banks are done fighting deflation with asset price inflation, and are now fighting inflation with asset price deflation", Zoltan masterfully explains.
Source: https://twitter.com/BlacklionCTA/status/1554458597282701313?t=WcksuCglUkcxWWKlSFj04Q&s=19