Investing.com-- Chinese manufacturing activity slowed slightly less than expected in March, data showed on Friday, amid some resilience in local demand and continued momentum from the lifting of anti-COVID measures earlier this year.
But service sector activity blew past estimates to reach its highest level in nearly 12 years, as the sector continued to benefit from pent-up demand and government measures to increase domestic spending. This also helped overall business activity expand during the month, keeping up the momentum from a post-COVID boom.
Here we go..... MY PREDICTION and NO ONE ELSE saw it coming? Duh. A 2 year lockdown and no one saw INFALTION PRESSURES BUILD in CHINA! Commodities will spike and so too will inflation here. It has no involvement with our banking mess. NONE!
MY second wild assumption came true. First was a financial debacle from mindset of 40 years of disinflation. my LAST ONE calls for inflation to stay a BIG problem and this market can not survive in an inflation environment for much longer.
