No doubt whatever political nonsenscial jargon Helicopter boy says tomorrow will be analyzed ad nauseum.
As far as inflation, I’m in imports too. There’s a little thing called VAT that I am really surprised has not made more headlines. In one fell swoop it raised prices on thousands of China commodities anywhere from 2-8%, overnight! Rumor is that may happen again at another 3-5%.
Then there’s the currency, which every single day appreciates to the dollar. Today it’s 7.56:1, a year ago it was 7.92:1. Rumor there is it will go to 7.3:1 by the end of the year. Labor costs are rising as a result, and so are material costs.
Of course we only need to worry about “core” inflation, because food and energy costs haven’t gone up 20% this year either.