FormerXBC Inc XEBEQ

A recession will kill inflation and high oil prices

[Winston1]

A 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.

[Lupuslupus]

I bet you oil will hit $150 before it hits $50

[ZouZS3]

Walk the talk

[ferret_ca]

I agree with what you say here. either 1 of  high interest rates or very high oil and gas prices can cause a recession on it's own, we have both on in full swing, I suspect we are already in the beginings of a recession , it is not a matter of if but when, the fed knows it, the boc knows it they just won't come out an officially say it in the fear of panicing people, most of the smart

[Gann999]

Except we don't have high interest rates we have extremely low interest rates so yea just the one high inflation that's why they are raising rates to get the second one under control. Inflation numbers are made worse because of comparing gas prices to lockdown times of covid.

[AlwaysLong683]

Or even worse, stagflation, a period of inflation and declining economic growth.