GREY:XEBEQ - Post by User
Post by
Winston1on Jun 13, 2022 12:29pm
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Post# 34752368
A recession will kill inflation and high oil prices
A recession will kill inflation and high oil pricesA recession will mark the end of this business cycle and with it the end of sky high inflation and high oil prices. Oil demand will fall off a cliff and oil prices will fall to $40-50/barrel. It looks like we're heading in the direction of a recession as the fed will be overly aggressive and keep hiking rates trying to tame inflation. At least we'll stop hearing about high inflation and high oil prices, but prepare yourself. If you can, try to take out enough cash to cover 6-12 months of expenses.