Treasury secretary Yellen, 2014 -2018 Fed Chairman - rejecting Comparative advantage.
UBS: A new wave of e-commerce could close 45,000 retail stores in USA
A decade ago, Amazon.com was all the worry in the retail industry
Players like Chinese discount-shopping site Temu and Singapore-based fast-fashion giant Shein and others that don’t even have a physical presence in the U.S.
The analysts noted that stores would still be relevant for retailers — albeit for pickups and deliveries for online orders.
MarketWatch 24 April 2024
E-jättarna Tiktok, Shein och Temu skickar 108 Boeing-plan med 5,8 miljoner paket från Kina till konsumenter i väst. Varje dag.
One of the most distinguished living economists - Treasury secretary Yellen, 2014 -2018 Fed Chairman - is rejecting what’s been one of the most fundamental principles of economics for more than 200 years:
Comparative advantage.
https://englundmacro.blogspot.com/2024/04/yellen-junks-200-years-of-economics-to.html
While she did not expect the financial collapse — few did — she understood it better than many as it was under way,
to the point of giving a lecture on “A Minsky Meltdown: Lessons for Central Bankers” in April 2009.
Martin Sandbu FT 27 November 2017
https://www.internetional.se/yellen.htm
Finanskrisen och därmed eurokrisen tog sin början i Frankrike, när tre hedgefonder tillhöriga Frankrikes största bank, BNP Paribas, inställde betalningarna i augusti 2007.
Det var en händelse som jag tyckte förtjänade en ny egen sida på min website.
https://englundmacro.blogspot.com/2013/08/varfor-min-sida-om-finanskrisen-heter.html
Time for a Minsky Moment? april 20, 2024
https://englundmacro.blogspot.com/2024/04/time-for-minsky-moment.html
President Joe Biden a strong dollar complicates his manufacturing agenda.
Robert Lighthizer, the architect of tariffs against China during Mr Trump’s time in the White House, wants to weaken the dollar
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