Is There a Chance of a Recession?

The price of commodities is often very linked to economic growth. I think in the near term, commodity markets are probably more sensitive to that than anything else. The market a priced in the impact of a hiatus of supplies of these commodities from nurilsk. But that hiatus, at least thus far, hasn't occurred yet. So what you're seeing now, i think, is markets backing off from a hysteria engendered price increases. In the longer term, i think maybe you are seeing the markets anticipate the possibility, or even the probability, of a recession around higher interest rates. And one wonders if we had a reversion to mean in terms of interest rates, how the economy would

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