Also oil has dropped from $71 on Weds to $59 now suggesting the markets are expecting a bit of a global downturn. It hasn't been that low since the covid days.
That's more due to OPEC deciding to allow higher production quotas. Though you could argue that's because they expect a global downturn though it's not an independent view just the view of those countries.
OPEC allows higher production quotas because they think the price will go down and they need to keep revenue constant-ish so their governments dont collapse.
what do you know raising prices on everything not wholly made in country from raw materials extracted in country overnight in a world with globe spanning complex supply lines breaks the economy
I don't know how credible https://truflation.com/ is, but they say inflation is at 1.22. Could this be spun as a victory to hide the crash ?
It's certainly possible that someone could spread fake metrics as a victory condition, but this site isn't credible. The "experienced team" they advertise includes not a single economist.
Ok thanks, it's often cited by youtubers and I have no idea how to vet it.
Probably don't watch economy or finance youtubers.
yeah, but you need some information (and even outside youtube, it's hard to know who to trust)