The world is made out of desire and suffering. Trying to control the world is like building a house of cards. A small gust of wind will knock it over.
The only way to win is to not play it. Hence, religion.
Is China's deflation transitory?
The stats:
GDP is up 6.3% YoY
Exports are down 14.5% YoY
Imports are down 12.4% YoY
China PPI is at -4.4% from -5.4% YoY
CPI sits at -0.3
Servicing debts will be more expensive. More than 75% of household wealth is tied up in property