Accordingly, I do not believe that the recent spike in commodity prices is, primarily, attributable to increased globalaggregate demand, underpinned by robust economic growth.
If I believed commodity prices are rising because of robust economic growth and strong globalaggregate demand, I might conclude that the commodity price increases were a net positive.
Perhaps the best way to determine China's impact on world inflation is to gauge whether its net impact is to increase aggregateglobal demand or supply.
Goldman Sachs and Morgan Stanley separately said they anticipate a new global regulation from the Basel Committee on Banking Supervision that requires they disclose aggregate dollar amounts clawed back in a given year.