The ongoing strength in the economy and the surging oil prices threaten to revive inflationary pressure (read: Bet on Quality ETFs as Fed Keeps Rate Steady, View Hawkish). Meanwhile, China, the engine of global growth, is caught in deep trouble, given falling consumer prices, a deepening real estate crisis, slumping exports and a record-high youth unemployment rate. The global oil market is expected to face the biggest deficit in more than a decade, with the two major oil-producing nations, Saudi Arabia and Russia, extending their voluntary cuts to the end of the year.