That post is sounding like 2000 again. Commodities were at a 20 year low after the highs of 1980. Papa Bush had to put a tariff on steel and lumber. Until their lowered dollar kicked in to raise the prices. Remember? This time its Trump and tariffs.
Funny thing. If commodities go up because of a shortage that’s good. Natural market forces. But if they just make the prices “mathematically” higher, that’s bad because its NOT natural, and producers will over invest and over produce, some people will use less, and bingo, a surplus and falling prices again.
I REALLY think they, TPTB need to give capitalism a CHANCE, and stop playing games, stop thinking they know better than the Invisible Hand of capitalism. They always interfere, and screw things up, distortions.
Also if commodities go higher, leading to consumer products going higher, together with flat wages, could net a slowdown in consumer spending.