This China which now exports inflation !
While it has been THE fundamental source of deflation for the past 20 years, China will now export inflation.
This country locked up for 2 years nearly 19% of the universal population that were prevented from consuming. This 1.4 billion individual now liberated will rush to buy, go out, live… with the global inflationary consequences that we can easily imagine.
Incidentally, tourists from China are preparing to surge.
Dear readers,
For more than 15 years I have maintained this blog with assiduity and passion. Over the years, you have appreciated my often avant-garde, sometimes provocative, always sincere analyzes and positions. We form a community that has often been right too soon, which can nevertheless pride itself on having often been right. As you know, this work has – and will continue – to remain voluntary, accessible to all. For those who would like to make a one-time or recurring donation, I nevertheless provide this payment platform. I would greatly appreciate your pecuniary contributions and I would like to sincerely thank all those who decide to take the step of making me a donation that I like to describe as “intellectual”.
Sincerely,
Michel