Okay, so what's the take on a super el nino and an extended Iran war conflict causing a scenario in which central banks will have to lower rates?
It seems very plausible that the economic pain caused by higher oil prices and then a compounding effect of an el nino while it would increase prices massively could cause the central banks to lower rates due to the economic shock these could create.
I'm not an economic historian but it sounds like a similar scenario occured in the 1970s.
Keen to hear people's opinions or if I'm just deluded.