Could China Devalue 2016 on Steroids?

I think it's likely that we will see rising unemployment at least, and I think it could turn out to be a pretty violent rise in unemployment once we get on the other side of New Year's. It seems to me as if China is deliberately not ending these lockdowns because it's a way of containing inflation given the inflationary pressures that we see elsewhere. When it comes to to bunt volatility, well, that's obviously the key question for everyone. And I mean, but volatility, I still think it's at least it's going to be higher than usual. At least I like the direction of that view as well.

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