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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Elroy Jetson who wrote (13318)3/10/2025 11:49:13 AM
From: elmatador1 Recommendation

Recommended By
E_K_S

   of 13775
 
Unwinding 25 years of economic polices and dismantling the Post-WWII consensus at a single go.

T

The US dollar is at the center of this unwinding

The Roots of Economic Discontent Lie in the Dollar
The Triffin World
The deep unhappiness with the prevailing economic order is rooted in persistent overvaluation of the dollar and asymmetric trade conditions.

Such overvaluation makes U.S. exports less competitive, U.S. imports cheaper, and handicaps American manufacturing.

Manufacturing employment declines as factories close. Those local economies subside, many working families are unable to support themselves and become addicted to government handouts or opioids or move to more prosperous locations.

Infrastructure declines as governments no longer service it, and housing and factories lay abandoned. Communities are “blighted.”

According to Autor, Dorn and Hanson (2016), between 600,000 and one million U.S. manufacturing jobs disappeared between 2000 and 2011 due to the “China shock” of increased trade with China.

Including broader categories, the jobs displaced by trade during that decade were closer to 2 million. Even 2 million job losses over a decade represents only 200,000 per year, a fraction of the churn of jobs that occurs every year because of technology, rising and falling firms and sectors, and the economic cycle.

A User’s Guide to Restructuring the Global Trading System November 2024

hudsonbaycapital.com

What will happen?
  • The future points to a weaker dollar
  • The dumping of the Europeans is a deal done
  • The Tariffs are here to stay

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