Deflation Will Return: Europe First, Then US; Global Supply Arbitrage
MishTalk
JANUARY 27, 2014
Today''s information technology allows a multinational company to position research, marketing, finance and managerial jobs to anywhere. The discrepancy between the household survey and the establishment survey is 65,000 jobs a month. Hence, when a country stimulates demand, it''s met by supply from anywhere.
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