ALWAYS NICE TO SEE A "RATIONAL" IF RATHER DULL ANALYSIS OF THE SITUATION.
BUT THE WRITER OF THIS ARTICLE STILL REFUSES TO ABANDON THE NOTION THAT GLOBALIZATION ITSELF MAY BE THE PROBLEM...
IS GLOBALIZATION A "WONDERFUL THING" FOR THE AMERICAN ECONOMY...? I DON'T THINK SO...
BECAUSE, IF IT WERE SO WONDERFUL WHY ARE WE AN ECONOMIC BASKET CASE?
NO ONE EVER TACKLES THAT LITTLE CHESTNUT...
THEY ALWAYS STICK TO THE MANTRAS...AND WAIT FOR A COMMERCIAL BREAK, THEN, CHANGE THE SUBJECT. AND THAT WORRIES ME.... YOU DON'T "WIN" DEBATES BY CHANTING MANTRAS, RUNNING OUT THE CLOCK AND THEN CHANGING THE SUBJECT...!
GLOBALIZATION COULD BE AN "UNSOLVABLE" PROBLEM...
ESPECIALLY IF WE REALLY NEVER DISCUSS IT IN DETAIL...
AND WHY ARE WE NOT DISCUSSING IT IN DETAIL...EVEN NOW!
THEN WHAT?
WELL I GUESS THEN BERNANKE CUTS BY ANOTHER 75 BASIS POINT!
WE ARE SO SCREWED!!
