First class drivel from Whitefield's CEO presentation....
"Rapid inflation is now a focus of central bank attention in the Eurozone, North
America, Australia, New Zealand, China, India, South East Asia, and many other
economies"
yeah ok, maybe
"•The primary drivers of inflation continue to escalate (Hard and soft commodity prices,
tight labour markets, rising Chinese currency, rising Chinese labour costs, even high
finance costs are adding to cost pressures)."
Umm no. Inflation is caused by excess money supply reducing the value of money. Its not caused by escalating prices. That is a symptom not a cause.
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