So a recession here caused by the slowdown from December through February will be unlikely to raise the dollar or lower oil prices in late spring or early summer. Maybe we’ll have to do some real work with more domestic manufacturing before long.
From the Economist website:
> About us
>
> The Economist, Economist.com and CFO Europe are trading names of:
> The Economist Newspaper Limited
> Registered in England and Wales. No.236383
Now that we’ve established the Economist to be British, can we review that little skirmish sometimes referred to as “the Opium Wars”...
What was the reason, for that rather misunderstood dust-up?
China, was running a huge trade surplus with ... Britain.
Now, establishing exactly who was responsible for what policies, to resolve that trade surplus, is a subject for another day. Suffice it to say, Britain found the trade inbalance to be unacceptable. Steps were taken to resolve the inbalance. Conflict ensued.
A bit less lecturing from across the pond, perhaps?
btt
The example I have used numerous times is the cheap "Chinese" watches available at Walmart and elsewhere. The movement is made in Japan, the case is made in Brazil, the band is made in China, and it is assembled in China.
As more and more of the raw materials, components, intermediates, and finished goods move around the world, the concept of being made/manufactured in a particular nation becomes less applicable. Likewise with the movement of capital and labor
Its a world economy, or, assembly lines are out and supply lines are in.