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Michael B. Smith
2 Comments
China's Inflation Could End the Commodity Boom [view article]
First, core CPI came in at 1.5% where it has been running for the last couple of years. The difference is in food inflation, which can not be changed with monetary policy. Food inflation will not destroy the Chinese economy...supply and demand will find a new balance.Second, if inflation were to run out of control, and the Yuan were to rise significantly, it would only drive commodity prices higher. Higher Yuan...cheaper oil; Higher Yuan...cheaper copper, etc.
May 13 07:10 PM
China's Inflation Could End the Commodity Boom [view article]
h May 13 07:01 PM