The Chinese Consumer Price Index Is Still Below Where It Was in March and April of 2020

If an accident doesn't occur between now and next to the end of next year, you will see deflation being exported by the Chinese. Good for the bond markets, great for the inflation outlook. They're going to be flooding the West with exports with the remember around seven currencies. You're looking at much depreciated currencies and major volume coming down the pipeline. If they don't, boy, is the global economy in trouble. I think the Chinese consumer price index is still below where it was in 2019. There's a lot of room for stimulus.

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