Why are stocks up??

[Picaro]

As soon as Wall Street realizes (they are rather inept and slow) that corporate earnings will go down as globalization is reversed, then stock prices will go down.

It will take them a while. They still don't comprehend reality.

'Globalism' reversed itself a while back. International trade has been stagnant since the 1980's, hardly any real growth. Ford and Whirlpool shipping itself stuff from Mexico to assembly plants here isn't real trade, just intra-company transfers. The govt. and scam artists like to claim it is though, to make it look like NAFTA and the other labor racketeering scams are 'working'. Companies like the subsidies and tax decreases.

That will soon be replaced by robotics and fabricators.

Which in turn reduce their own customer base, and we get yet another race to the bottom cycle, and so it goes.

 

[william the wie]

Pretty much, yeah.