2min chapter

The Macro Trading Floor cover image

Ben Melkman: Expecting A U.S Dollar Decline

The Macro Trading Floor

CHAPTER

Inflation and Hyper Specialization

globalization is about hyper specialization. And what we have, not only from germany, but really across che republic, hungary, holland, et cetera, and owso on, ta global scale, the hyper specialization that you saw in china. We had a loflation environent where we never sow inflateor inflation ent zero. Were able to keep the central van going during those 11, 12 years. What's different now, i think one embodied the period of time abov nine to 20 a was a economic policy which said, we took up too much debt in o seven, o eigh how di we get rid of that debt?

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