It’s all about cheap labor.
Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”
Businesses expect their input prices to jump by 4.6% in 2017.
7th week of US Government debt “carnage” continues unabated.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
And it’s now hitting home.
The bond market is already doing the math.
Though it cannibalizes the rest of the economy.
Now the drug makers are struggling with their response.
These are their Top Ten financial-escape cities in the US and globally.