just arrived at hotel in guiyang, capitol of guizhou
banquet tonight with somebody or other, onward to bijie in early am, back again to guiyang monday, hk wednesday
chatting in car makes me believe that a huge amt of global price inflation, wild stabbing guess of 30-50%, is baked-in already, to be tasted over the next 30-50 months
should be interest, either the blazing inflation or the hellish demand destruction that will tame inflation
suspect inflation will win the war, for many reasons, even if demand-destruction and deflation might win some skirmishes
am enthusiastic, ready to retreat, able to attack, would be recommended stance, and in the mean nasty time, cower, but astutely :0) |
