MacroVoices #348 Eric Peters: On The Road From Mean Reversion To Reflexivity
Macro Voices
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The Future of Passive Investing
We are going to need to reshore a lot of critical industries that have been globalized in recent years. The whole globalization trend was entirely about exploiting cheap overseas labor. If we're going to move them back, it's not a matter of just flipping a switch. And when we do, the labor cost is going to be dramatically higher. That has to be extremely inflationary. So I think it's definitely time to get ready for shortages of just about everything in coming years.
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