One of my pet theories is that they we see a lot of distortions and oppurtunities for arbitrage is because labor is not globalized while capital and trade are . When capital and goods/services with some restrictions can move freely around the globe , there are innumerable restrictions on movement of labor leading to outsourcing. […]

As I was writing in my previous postsĀ  Market Refuses to Fall Despite Increasing Greek and Chinese Problems , it was strange that the equity markets were’nt taking notice of the huge problems with the Greek debt and the associated domino effects. With the S&P downgrade of Greece to junk status and the Greek market […]