China and the Global Economy With Richard Duncan #641

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The reason they have managed to get away with that this time is we have a global economy and because we have a global economy the global economy is very deflationary is deflationary because you no longer have to pay someone in Michigan two hundred dollars a day to build an automobile you can now pay someone ten dollars a day in China or Vietnam.

Richard Duncan is chief author of the Olduvai theory, a prediction of rapidly declining world energy production.He has an MS in Electrical Engineering (1969) and a PhD in Systems Engineering (1973) from the University of Washington.. The Olduvai theory holds that the ratio of world energy production per capita, which he denotes by the metric e, will peak as the extraction rates of fossil fuels.

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Richard Drew\AP In London. Japanese machinery orders fell in January at the fastest pace in four months as the US-China tariff war hit global trade and dented demand from the country’s auto and.

China Must Follow Japan to Survive. China has been transformed by a credit-fueled investment boom unlike anything the world has ever seen. A credit-based economy, built around what has effectively.