It’ll get worse before it gets better but like all cycles it will turn around.
Although it looks like oil and gold will continue to rise: oil to $100 and gold perhaps to $900. The deficit is the main problem, and somewhere Friedman is spinning in his grave.
Which deficit? The last fiscal year federal budget deficit was only 160 billion dollars or 1.2% of GDP, low by historical averages.
Heck if the Congress doesn't pass their appropriations bills and we just go on continuing resolutions we might have a balanced budget this time next year.