If you ask SocGen’s Albert Edwards — a man who knows a thing or five about deflation — moribund price growth in China isn’t getting the attention it deserves in macro circles.
I generally agree, although it’s hard to say for sure. Like Edwards, I routinely suggest economists, “market participants” and the perpetually derelict (in my telling) “mainstream financial media” are ignoring or otherwise giving short shrift to the issues which “really matter.” Spoiler alert: That’s part of my shtick,