Bloomberg/Enda Curran/1-12-2022
“That’s the warning from HSBC economists who caution that if the highly infectious omicron variant which is already swamping much of the global economy spreads across Asia, especially China, then disruption to manufacturing will be inevitable. ‘Temporary, one would hope, but hugely disruptive all the same’ in the next few months, they wrote in a research note this week.”
USAGOLD note: As we have suggested in the past, the Fed might find it very difficult to control an inflation rate with drivers beyond its control, like curtailment in the manufacturing and export of goods from China.
