Sunday, June 21, 2009

More Economic "Black Shoots"

We have been waiting for years but our anticipated seeds are now coming with greater frequency. First subsidized exports, then quantitative easing, then trade spats. The race to the bottom of the barrel continues.


and here

and here

By the way, those who cite Smoot-Hawley as a cause of the Great Depression are historical revisionists. Or just plain uneducated. I had this disagreement with a Wall Street talking head some time ago. One who has been wrong on nearly every call in the last three years but remains a favorite guest on the Ponzi television channel.

Once again, globalization is dead and nationalism will return. Most likely with a vengeance. All we need to do is watch and wait. Our expected outcomes will unfold right before our eyes.
posted by TimingLogic at 7:12 AM