Recessions are generally considered healthy but inflation can be a disaster to the economy. US govt has to take some immediate steps to control inflation.
There is a lot of speculation in the commodity market right now, I expect it to correct itself or will not be surprised to see some action by the govt. to control the commodity speculation.
Atleast there will be some hints from the govt, something like they feel they need to raise interest rates to control inflation.
My call: There is a high probability that at least the Oil bubble is about to burst.
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