Reuters gives us: Harsh winter raises specter of "Chinese stagflation".
Freak snow and a global downturn are posing a harsher challenge to China's economy than expected, threatening the country with a spike in inflation just as growth slows.
Economists say inflation, which many thought had peaked late last year, is set to rebound to an 11-year high of at least 7 percent after snow and ice snarled food deliveries.
It couldn't possibly be the currency peg, could it?
How absurd would it be that the Chinese (and the Indians) are increasing the money supply to keep their currency devalued against the dollar?
Naah, that could never happen. Not in this universe anyway. They are all saints.
It must be the snow.
Snow me, baby, snow me!
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