• The Inflation Divide

    4 monthes ago - By Crossing Wall Street

    Economist Mark Perry has created a fascinating chart. It shows the increase in prices in several sectors of the economy. In the areas that are subject to foreign competition, prices have collapsed. But in areas protected from foreign competition, prices have soared.
    Globalism has created winners and losers. The problem is that it's hard to see the victories. People come to see goods are correctly priced, not as far below what they would have been in another scenario .
    Just as globalization has been a headwind holding back inflation, its unraveling could end up being a tailwind in the years...
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