The World Is Flat

(1) Thomas Friedman’s book. (2) The end of the Cold War was the end of the greatest trade barrier ever. (3) Has globalization improved or worsened income inequality? (4) Has globalization led to secular stagnation? (5) World export volumes and production growing slowly. (6) Not much action in exports of US and Eurozone. (7) China’s trade indicators are weak inside and out. (8) Summers and Rogoff agree on disease, but not cure. (9) Too much debt is one of the main causes of secular stagnation. (10) India’s problem. (11) Focus on market-weight-rated S&P 500 Transportation.