well inflation is supposed to be good for commodities. i think the main driver for this downturn is the chinese lockdowns...which will pass. my chinese friend said dont worry about the manufacturing base because the factories will just do "lock ins "for enployees...psy extra. feed them.. and the machine keeps runnning. as for domestic consumption that can be hit but as we know here it bounces nicely from the extra savings.
this will pass..the infkation figure was lower than last period....but higher than expectations...so we are probably over that because it is a moving average calculation.
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