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Morrison had been wanting to move into trade publishing, and went to see Robert Gottlieb, the editor-in-chief of Knopf, an imprint of Random House.
Somehow he never mentions that Germany's recovery in the 2000s was driven by a huge move into trade surplus; is everyone supposed to do the same thing, all at once?
Any increase in their market share would therefore mean a move into trade surplus; and, as we have already seen, a country that runs a trade surplus is necessarily a country that exports capital.
Think about it: if secular shifts in trade patterns are responsible, in a proximate sense, for part of Spain's move into trade deficit and Germany's move into surplus since 1999, what this says is that even if you get relative wages back to 1999 levels, Spain will still be in deficit and Germany in surplus – so you need to go beyond that point.
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The contraction is also pushing the firms to move into trading of other financial assets, like international stocks and currencies.
Its new principal, Geraldine Maione, said that because Grady was a vocational school, it attracted mostly students who were looking to move into trades, though some hoped to go to college.
Many of the countries that ran current account deficits in the '90s (deficits accompanied by high inflation and weak domestic financial positions) moved into trade surpluses during this time and built up sizable foreign exchange reserves.
"If not managed properly, ivory stockpiles in the hands of government suddenly 'get legs' and move into illegal trade," said Tom Milliken, ivory trade expert at wildlife trade monitoring network Traffic.
The north-west was also the launchpad for GMG's move into the trade magazine business, when in 1982 it bought a controlling stake in NorthWest Automart, later NorthWest Autotrader and the basis for building the Trader Media Group.
The Yankees have also moved deeper into trade talks for Detroit's Juan Gonzalez.
Beginning in the 1980's, the sale and transportation of natural gas was also deregulated, spurring Enron, which used to be primarily a gas-pipeline company, to move into the trading business.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com