China’s role in U.S. inflation won’t be transitory

BloombergOpinion/John Authers/12-1-2021

photgraph of rolled dollar and yuan on a newspaper background“U.S. consumers got used to inexpensive Chinese-made goods. They’re no longer cheap, but the buying hasn’t slowed. A few words from the Fed won’t bring the prices down.”

USAGOLD note: Prices are rising everywhere, and raw materials – including oil – are the culprit (along with central bank-sponsored monetary inflation). Cheap Chinese goods disguised the underlying inflation in the past. Now, as Authers explains, it is surfacing.

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.