Moderator: PoFo Economics & Capitalism Mods
Sandzak wrote:Labourforce and resources scarcity is an indicator for overheating. When again trillions are pumped suddenly in an economy could lead to a crash. Overheating and super-inflation mean an end of the US Dollar as world currency.
WASHINGTON, Sept 14 (Reuters) - Underlying U.S. consumer prices increased at their slowest pace in six months in August as used motor vehicle prices tumbled, suggesting that inflation had probably peaked, though it could remain high for a while amid persistent supply constraints.
Steve_American wrote:It's the shortages that are driving the inflation.
The just in time delivery system has imploded.
We traded resiliency for cheapness, and then came covid-19.
Its alright Steve. I told you that closing down the economy would cause inflation and supply issues and you were super cool with that last year as long as we we safe and sound in our lowdowns. Why the change of heart? Besides, you live in Thailand if I recall.
Anyway, starting to feel the inflation bubble myself now when it comes to gas prices. I feel vindicated and know who all the lockdownteers are.
late wrote:Read my post immediately above yours...
Btw, if we didn't do what we did, when inflation hit, it would have been a nightmare morphing into a catastrophe...
But thanks, that was kinda amazing.
Rancid wrote:The shortages are just a reminder that there is in fact risk to export your supply chain.
That is part of the problem. I also remember saying the same thing two years ago when it came to paper masks that it was a wake up call for bringing production home. But the supply issue is due to production ceasing and whether that is in Asia or America, it was always going to be a problem when the economy opened up as the demand was merely delayed rather than ceased but production was ceased.
Rancid wrote:Indeed. However, one of the big bottlenecks is the ports. If you have production domestically, there is enough rail/truck/air to move things around domestically. Although you'd still have problems with supply domestically, it would likely be less worse than what we see now, and probably easier to recover.
This is why the US is not seeing price spikes in natural gas. Our production is mostly domestic.
Well at least you admit you wrote nothing worthy of reply.
Igor Antunov wrote:The sooner the better. No more printing cash and throwing it at global wars.
But what I will say is given China actually kept their economy running and said fuck it to Covid last year...
MistyTiger wrote:So many countries are dependent on the thriving of the US dollar. I would not be too happy to see the US economy crash. China and Canada would take a hit as well as other trade partners. Other nations would probably jump in to try to save the US if it got to that crisis point. For now, the US is okay.
Russia paid their money and made their choice or […]
See how he apologized to the white guy cowering un[…]
May 16, Monday At Drewry’s Bluff, Virginia, th[…]
Good post, @Rich . As the Southern short story wr[…]