Everyone forgot the denominator. In terms of GDP/kWh of energy or GDP/calorie of food, we are still seeing sharp decline. Instead, we are measuring in dollars

Everyone forgot the denominator. In terms of GDP/kWh of energy or GDP/calorie of food, we are still seeing sharp decline. Instead, we are measuring in dollars. When inflation starts to hit salaries and debt needs to be rolled, we will start to see more business contraction. That is what business leaders are planning for.