A Global Perfect Storm
The David McWilliams Podcast
00:00
What Does Zero Covet Mean for the Global Economy?
John Avlon: China has always been a source of demand for certain countries and a source of deflation for the global economy. He says now that's out of the equation, inflation is off the cards; so you get slower demand rather than increased demand which is stagflation. Avlon: When it gets into the system, it's almost impossible to wring it out of the system other than having a mass of massov locked down. That's why you see retail sales collapsing.
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