Another effect of the money printer slowing down. The money supply hasn't shrinked this quickly since before 1960.<p><a href="https://fred.stlouisfed.org/graph/?g=YrsY" rel="nofollow">https://fred.stlouisfed.org/graph/?g=YrsY</a>
I still think we're seeing some rubber-banding from the glut of inventories after the pandemic and supply chain issues.<p><a href="https://tradingeconomics.com/united-states/business-inventories" rel="nofollow">https://tradingeconomics.com/united-states/business-inventor...</a>