Tell that to the wikipedia page
External Link/Members Only
Let's not forget the markets US markets tanked to a record low in July 22. Plus bitcoin plummeting close to the same time.
I agree it doesn't look like things will improve until next year.
But even then, WGs would rather quit and starve then lower their prices.
Anyone can edit wikipedia, I'm just giving the facts. The article does sort of underline what I'm saying though, yes the COL crisis has it's roots back in 2021 (actually I think the era of low interest rates, so more like 2009 onwards), but it's effects are still only just moving into the real economy.
The one thing you learn very quickly if you work in markets, is the market doesn't really reflect the real economy in any real time sense, it's far more about sentiment.
Prices will fall in real terms and I think nominally.