Tag Archives: exports

Why Oil Prices Can’t Bounce Very High; Expect Deflation Instead

Economists have given us a model of how prices and quantities of goods are supposed to interact. Unfortunately, this model is woefully inadequate. It sort of works, until it doesn’t. If there is too little of a product, higher prices … Continue reading

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Why Globalization Reaches Limits

We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. Each time imported goods and services start to surge as a percentage of GDP, these imports seem … Continue reading

Posted in Financial Implications | Tagged , , , , , , | 1,263 Comments