economyFrance
Eurozone Inflation, China's Housing Bubble, Russia Demands Ruble for Gas #49
In this update, I cover three separate but somewhat related macroeconomic issues.
Published by Dr Jiulin Teng on 07 Apr 2022
In this update, I cover three separate but somewhat related
macroeconomic issues:
1. Inflation has reached record levels in the Eurozone. Things will get
worse until the euro is no longer with us.
2. China's housing bubble is getting harder to sustain, though PBOC
continues to print money and keep a low interest rate to keep it from
deflating.
3. EU will likely insist on paying euros for Russian gas until the mood
in the EU public changes. Russia will then offer them a face-saving way
to buy gas with rubles.