High commodity prices ‘solve’ themselves with increased production and falling demand.

Many in US benefit from increased fracking (needs higher prices to justify) which increases new production quickly.

Water can be pumped into wells. Oil sands increase production quickly and Saudi can also increase easily.

BUT it can take 3 months to come down…

AND compared to 2022…there’s no savings cushion or big wage rises or easy credit to cushion the blow.

This will weaken the economy.