Patrick Perret-Green: China Will Export Deflation, The U.S. Labor Market Is Softening (For Real This Time)
Forward Guidance
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China's Impact on Global Inflation and Deflation
This chapter explores how China's role as a global producer affects inflation worldwide, discussing decreasing producer prices, the country's property bust, challenges in boosting consumer spending, and the potential deflationary impact on the global economy, especially in the commodity sector. It also touches on changing consumer behavior towards saving, speculation driving commodity prices, the energy-intensive nature of AI, and the consequences of China exporting deflation to regions like the US and Europe.
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