RE:Inflation warMaterials for steel and alloys production are way down because Euro Nazis energy purchasing decisions have caused many alloy porductikn facilities to close down killing demand for the various precursors. EU auto production will drop by 25% plus next year because far less steel. They can't get it from China because the advanced alloys are for the 7B friendly folks / countries. Now that's it's open season on energy infrastructure I expect Nazi supporters will see their LNG plans using extremely delicate supply chains literally sink haha.
Farmer12 wrote: Commodities, and most stocks for that matter, are already priced way off their highs. Check copper down from about 4.85 to 3.50 lb, iron ore 1.60 lb to .9650 lb, steel way down, gold and silver way down. Lumber futures have fallen from about $1711 U.S./1000 board feet to about $500 now. As others have mentionned, it takes time for these lower prices, as well as others, to percolate through the economy. The inflation curve should shortly begin to trend lower. The Fed could still mistakenly overreact based on a snapshot in time of the inflation rate....