I have a theory.
I maintain that the enriching of the rest of the world is a US led mandate.
Let me explain. It is far easier (cheaper and less loss of life) to enrich foreign corporations, than it is to go to war with them. Therefore, by making trade open and outsourcing as many jobs as possible, in effect those nations are able to hire labor. When people have jobs, they don't think of jihad.
I know, call me paranoid, but it does not seem so far fetched to me.
What does this mean to our markets? I say it means that we are likely to see dynamics we have never seen before. Whether that means lower in the short term and higher in the very long term is debatable, but seems logical.
nitro
I maintain that the enriching of the rest of the world is a US led mandate.
Let me explain. It is far easier (cheaper and less loss of life) to enrich foreign corporations, than it is to go to war with them. Therefore, by making trade open and outsourcing as many jobs as possible, in effect those nations are able to hire labor. When people have jobs, they don't think of jihad.
I know, call me paranoid, but it does not seem so far fetched to me.
What does this mean to our markets? I say it means that we are likely to see dynamics we have never seen before. Whether that means lower in the short term and higher in the very long term is debatable, but seems logical.
nitro