Also, the stuff we import are no the primary drivers of inflation which are: Food, energy and rent.
I’m bearish on China. They seem to be heading in the direction of greater central planning which will kill any prospect for innovation and squander the wealth they accumulated from capitulating to capitalism.
I’m bearish on China aswell.
They mass import energy and food Which just so happens to be the 2 things being wrecked right now.
Full of old people. 1 child rule so not many young people. The families wanted males as their 1 kid so not enough females to have babies = wrecked demographics.
As for rates I think the Fed gets to the 3.4%-3.8% and holds it. Normally I’d be calling for cuts but now at 9.1% i get the feeling it’ll be sticky and therefore so should rates. Meanwhile the market says in Jan the Fed will be cutting.
