SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (77781)4/17/2008 7:18:14 AM
From: Dan3  Read Replies (2) of 116555
 
Re: All these inflation theories die on the vine with global wage arbitrage, outsourcing of jobs, and now a recession with declining jobs

But that's exactly what's causing the inflation - US oil use is down 0.x%, but oil use in China is up 25% (starting from a lower base, but not that much lower). The same goes for food and building materials.

A billion people in China see their average wage go from $2k to $5k, while 250 million in the US see their wage go from $40k to $38k - and the result is a global inflation.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News