The FT has crowned me "cost-shock queen". I take it. Thanks
@chrisgiles.ft.com!

Get ready for the next round of sellers' inflation, this time not triggered by natural disasters and war but an onslaught on the global trading system launched by the White House.

The story around China issuing USD-denominated sovereign bonds in Saudi Arabia is generating an enormous amount of buzz in China, and could potentially be immensely important.

I strongly suspect it's a message to the upcoming Trump administration.

A small 🧵