Second quarter GDP was already revised to a 0.6% contraction, up from the 0.9% that was originally reported. We've also got earnings from Bed Bath& Beyond and Nike on Thursday. Bed Bath& Beyond is in the middle of closing stores and cutting its headcount. Meanwhile, Nike is dealing with bloated inventories and, of course, inflation. Do you have any predictions here, Scott? I think inflation is going to decline as precipitously as it ascended. When effectively

almost every currency globally is off 20% against the dollar, then eventually, because we're such an import economy in the U.S. and 48% of global GDP is trade, you're going to see prices come way down, I believe. I think a lot of the muck is being kind of de-mucked in the supply chain. In addition, the strength of the dollar means that 88% of those Christmas gifts under your tree from China will be less expensive. And two, I think the recent gains by the Ukrainian forces pushing back on the Russians in the Ukraine, I think the market is going to perceive an end to the conflict and energy prices will decline. And then coupled with the one-two punch of declining prices because of the strength of the dollar, my prediction is that inflation is going to fall dramatically within the next two to three months. That's all for this episode. Our producers are Claire Miller and Jason Stavers. Special thanks to Catherine Dillon, Ed Elson, and the Prop G Media team. If you like what you heard, please follow, download, and subscribe. By the way, Markets is already outperforming our other Prop G podcasts. This is one of the most successful launches in podcast history. Prop G is now a top 30 podcast globally. Check our shit out. That's right. That's right. Disc to the co. Disco, champagne and cocaine for everyone. Thank you for all of your support. Thank you for listening to Prop G Markets from the Vox Media Podcast Network. We will catch you next week.