So Bernanke tells us what we knew about 4 months ago. Recession. I’m not sure we needed him to tell us this given the activities of the Fed over the last couple of quarters.
Naturally, the Fed can always attempt to inflate the dollar in order to avoid or shorten an economic downturn. In DC today there doesn’t seem to be an economic problem that cannot be cured by the printing press.
Sooner or later a good chunk of this new money is going to come home to roost.
In the wake of the COVID-19 pandemic and escalating tensions with China, American companies are actively seeking alternatives to mitigate their supply chain risks and reduce dependence on Chinese manufacturing. Nearshoring, the process of relocating operations closer to home, has emerged as an explosive opportunity for American and Mexican companies to collaborate like never before.