
26.04.2022
Demand destruction
For many investors, there will be a turning point when the market pivots from worrying about price inflation, to growth deflation.
In reality such pivots are a process rather than a single trading day, but yesterday’s China lockdown news felt like it had some of those characteristics.
In reality such pivots are a process rather than a single trading day, but yesterday’s China lockdown news felt like it had some of those characteristics.