Deflation is taking hold in China
https://twitter.com/Mayhem4Markets/stat ... 1942005097
Danish shipping giant Maersk has said it will reroute vessels to avoid the Red Sea, instead moving them around the southern tip of Africa — a move that’s expected to cost $1 million in extra fuel per round-trip from Asia to Northern Europe.
The truth is, the rate of inflation has dropped in the past 18 months. It’s not an immediate headwind for the economy and stock market.
As long as the fear of “catastrophic inflation” has its hooks in the American consumer, folks will only be able to see downside that isn’t there.
This is a recipe for irrational selling… But for courageous investors, it’s setting up a chance to get in cheap and go long.
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