The crude oil, commodities, food, etc are all rising which are creating inflation for producers and reinflation for importing countries. Therefore, the recent 9% rise in China's PPI is a real concern for the world, particularly for the US because the US-China trade deficit is rising despite the US-China tariffs.
Our projection for a financial crisis in 2022 looks increasingly probable if the US doesn't contain its higher inflation this year.
As stated previously, Yellen had tried to contact China Liu He to resolve the US-China tariffs so that the US could rein in its inflation and delay the financial crisis from occurring in 2022.
DB also had warned recently about an impending financial meltdown because of the rising inflation.
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