StarFoxisDown!
Well-Known Member
The Chinese and European economies were never that strong to begin with. In fact, demand for a lot of things was never that strong to begin with. There was never enough "demand" to justify the price oil and gas were at.Chinese and European economies are rapidly decelerating, putting downward pressure on prices.
That's what some of us have been saying all along. That inflation was transitory, supply chains just needed to get back to business as usual. This has been proven in a ton of areas of the economy and in commodity prices.