Why Inflation in China Could Lead to Another Global Recession

Inflation in China is far more intractable than official headline statistics reveal. That's potentially bad news for global growth and toppy stock and commodities markets. If China effectively dampens dangerously high inflationary expectations and real, rapidly rising food, property and fixed-investment assets by hitting the brakes too hard, global growth could skid and potentially stall out. The resulting sound of breaking glass would likely be clear support levels enjoyed by rising stock and commodity markets as they finally correct, along with theories of China's infinite growth trajectory.