US Economy and Globalization Part 15 of 17
US Economy and Globalization Part 15 of 17
The concept behind core inflation measuresseeking to eliminate noise and focus on signalby disregarding food and energy prices altogether may be a sound practice in The Amazing Stealth Forex Trading System a relatively closed world with a predictable sense of the number of consumers and consumer patterns. This is what we had for a couple of generations during the Cold War era, led by an ultra-dominant U.S. economy; eliminating food and energy to silence a significant source of noise made sense in this structure.
However, a tectonic shift has occurred. Globalization, rapid acceleration of technological innovation and a series of key geopolitical events have created an open economy infinitely more complex and decidedly more unpredictable. The world economy now incorporates China, India and the former captives of Soviet and Southeast Asian communism, and their caloric and BTU intake patterns are converging toward ours as they grow richer. Three billion people have entered the world’s market, and they are ready to work, ready to innovate and ready to shop. As a result, we are undergoing a sustained period of Online Trading for Financial Freedom fundamental economic change that is forcing us to reexamine energy and food price movements through different lenses.
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