The subject of paramount concern for any businessperson these days has got to be exchange rates, notably future exchange rates. If China raises prices, then everyone buying from the country will pay more and, presumably, will have to charge more. It then follows that if China has an inflationary spiral - and it currently has - everyone's costs will increase beyond 'normal' CPI, ie they will be inflationary too. This is plain commonsense, something as rare as an albino zebra. This commonsense is as scarcely evidenced in Washington DC as that zebra crossing the tundra in Yellowknife in mid-January.
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