Inflation is not sustainable and very quickly leads to deflation.
Oil will fall under its own weight.
Here on the Coast the prawn trawlers are not trawling because there is a glut of prawns and diesel prices are too high.
It is simply uneconomic to go to sea.
The airlines are cutting routes and retiring jets for the same reason.
Truckies are sidelining their rigs for the same reason.
High prices cure high prices.
Half the world economies have come to a grinding halt because it is too costly to conduct business.
Something will give soon.
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