Bloomberg/Benjamin Purvis and Ye Xie/5-29-2022
“China’s Covid-zero strategy is set to stay in place for the rest of the year, intensifying the world’s supply-chain woes and challenging efforts by central bankers to rein in inflation that’s running at multi-decade highs.”
USAGOLD note: The long-running engine of disinflation is beginning to sputter. Keep in mind that supply-side inflation is something central bankers have admitted they cannot control.
