AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
11 Stocks for Spring Cleaning Your Portfolio
Motley Fool Money
The Impacts of Globalization on Consumer Durable Prices
2min Snip
00:00
Summary
Transcript
Episode notes
Howard Marks: For a 40 year period, we had the capacity and the endless desire to export inflation to China. Is that time over as well? Well, I would rephrase. I'd say we exported sourcing which had the effect of fighting inflation. consumer durable prices overall declined by 40%. And it didn't happen because the US production got cheaper. It happened because we imported more and more and more from Asia.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode