Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. "Economy" and the U.S. "Markets".
The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed.
There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing while the global supply chains are being shifted, are futile.
The more a nations' economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization.
U.S. companies that are invested in these nations will lose their investment over time; some rapidly.
This will keep the stock market volatile, yet the Main Street USA economy is thriving.
President Trump has purposefully stalled the process of globalization, and is resetting global supply chains.
https://www.zerohedge.com/news/2019-08-16/el-erian-admits-era-de-golbalization-here
The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed.
There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing while the global supply chains are being shifted, are futile.
The more a nations' economy is dependent on exports, the more exposure they have to the inherent downsides of de-globalization.
U.S. companies that are invested in these nations will lose their investment over time; some rapidly.
This will keep the stock market volatile, yet the Main Street USA economy is thriving.
President Trump has purposefully stalled the process of globalization, and is resetting global supply chains.
https://www.zerohedge.com/news/2019-08-16/el-erian-admits-era-de-golbalization-here
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