African Swine Fever.
Not my standard post, but China’s CPI jumped 4.5% in November. This is rather astounding.
Apparently, ASF has ravaged China’s pig herds. This may have the unintentional effect of the State then having to raise interest rates or at least have less room to ease monetary policy. Which further means if there is a recession around the corner, the banks may have less room to deal with it. And in an interconnected global economy, notwithstanding Trump, this could easily reverberate around.
A bit ironic that it is the year of the Pig. Who knew how right they were?