Inflation will not moderate, it is a runaway train
Central banks' attempts to kill inflation is a paradigm shift, which could end in a deep recession.
Summary: Both Washington and Beijing want to see this weekend's G20 summit lead to a trade deal, but all signals point to an enormous gap between the two powers' expectations. This leaves the G20 as the key macro event risk for CNH, Chinese equities, US equities, and markets as a whole.