May CPI in China came in about 1.3%, below the average estimate of 1.6%. This was mostly due to weak pork prices. Please note the CPI Index in China is heavily geared towards food. The producer price index on the other hand rose by a whopping 9% Y/Y, mainly driven by oil, metals and chemicals.
I don’t claim to be an expert on the crypto space and don’t really understand it. Yes, blockchain might prove useful, but I fail to understand why a crypto asset should be worth billions because of the usefulness of blockchain.
Inflation scares have been around for years. In fact, there has never been a moment over the past 20 years or so that market pundits have not reminded us about the dangers of inflation, as a result of Central Bank policies.
While major indices don’t show it, and most investors don’t see it, many parts of the technology sector are crashing. And by that, I mean that many stocks have been falling for months now, even if this internal technology correction has not affected the major indices (yet).
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