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What Is De-Globalization and Why Is It Important for Investors?
Free trade really has always been a source of higher productivity and lower inflation. It went into hyperdrive when the Berlin Wall came down in 89 and then China joined the WTO in 2001. The good news about de-globalization for Americans is that maybe more Americans will be hired in manufacturing jobs. Bad news is that it's more expensive and that it is going to make things a bit trickier for the Fed.