Supply is down because of the way idiots mimiced the CCP lockdowns and interfered with production, distribution and consumption. Covid was a CCP act of war by other means. Demand is up because of the massive cash handouts that were squirreled away by punters but whom are now spending up big. Too mkuch cash chasing too few goods.
However if all that cash was not handed out then demand would not be so savage.
Demand is because of the money printing.
Interest rate rises are to suck as much of the surplus cash out of punters pockets so they don't have as much discretionary cash. Can the brain trust come up with another way to slow down demand other than theft and a tax on bank deposits.
