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by WheelsAtLarge
1489 days ago
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The prediction is not that prices will fall. The average prices will stay high. They just won't go up as fast. So oil can stay at $100+ but it won't be rising as fast as it has in the past year. Prices rise as supply tightens but as supply stops tightening the price rise will slow. Also the fed is tightening the money supply so even if the prices are trending up there won't be as much money to chase the goods. In a sense the prediction says that the price shocks to the economy are slowing. I hope so because I don't want to deal with any more surprises. |
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