Loading ...I think the main problem is the Dollar is too high. All commodities are priced in dollars. They mover the dollar net lower after 2001, to stop the last 20 year deflation 1980 to 2001. The lower dollar inverted prices higher, created a half ass US economic recovery, but the higher prices inhibit consumption, and promote production, until there is “too much” stuff.
The two plus years of falling prices promoted more use and less production lately. Sooner or later TPTB had better drop that dopey dollar or a lot of producers are going to go out of business.