Well we finally have established the root cause of inflation... Millennials are to blame for sky-high inflation, strategist says https://www.cnbc.com/2022/07/15/millennials-are-to-blame-for-sky-high-inflation-strategist-says.html
US imports from Asia highest ever for month of June US imports from Asia hit a record for the month of June as consumers seemingly shrugged off rising inflation and maintained recent spending habits. I dont see things improving if consumers keep spending like money is....free...
On a side note, domestic spending in China came in weak last quarter at 4% and exports popping at 18% qoq. China’s consumption is waning under the weight of its real estate market.
I would love to buy a shitload of yen with dollars and just stash it for a couple years. 138 yen to the dollar......huge returns when it drops back below 110 range after this mess. Have not see it this weak in years.