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The Current Supply Chain Crisis Could Throw The Global Economy Off Course!

The Current Supply Chain Crisis Could Throw The Global Economy Off Course! Be ready! The current supply chain crisis is becoming noticeable to most at this point and it could toss the entire global economy off course.  With just the right problem, we could all be facing shortages that would make the toilet paper incident […]

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Life’s a Beach Until the Tsunami Hits: Four Waves Nobody Cares About–Yet

Life’s a Beach Until the Tsunami Hits: Four Waves Nobody Cares About–Yet Four monster waves are about to crash onto the Fed’s beach party and sweep away the unwary revelers. Hey, is the water in the bay receding? Never mind, free drinks are on the Federal Reserve, so party on, life’s a beach, asset bubbles […]

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Rabo: Global Supply Chains Simply Will Not Be Able To Cope With Even More Stimulus

Rabo: Global Supply Chains Simply Will Not Be Able To Cope With Even More Stimulus The Story is the Story Today is a US payrolls Friday. I have covered 277 of these releases. A handful were of any lasting interest, signalling something the market didn’t already know beforehand, and a few dozen more were higher/lower […]

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Why Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense

Why Shortages Are Permanent: Global Supply Shortages Make Fantastic Financial Sense The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization. Global corporations didn’t go to all the effort to establish quasi-monopolies and cartels for our convenience–they did it to ensure reliably large profits from control and […]

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Winter’s discontent

Winter’s discontent “Now is the winter of our discontent Made glorious summer by this son of York; And all the clouds that low’r’d upon our house In the deep bosom of the ocean buried.” Shakespeare, Richard III This may become the winter of our discontent as people around the world face a widening energy crisis, […]

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Things do not have to run out for their scarcity to become destabilizing

Things do not have to run out for their scarcity to become destabilizing Economic cornucopians who believe “innovation” and “substitution” will solve every constraint on the resources needed for modern civilization use a clever piece of misdirection to deflect the arguments of those concerned about limits. These cornucopians say that the claim by the limits crowd that […]

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What then are we to become?

What then are we to become? According to Boris Johnson, the economic dislocation which appears to be gathering pace across the UK is merely “a period of adjustment after Brexit.” In Johnson’s formulation, those who would turn the clock back are tacitly in favour of the low-pay and poor working conditions which were encouraged when the UK […]

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Breaking The (Supply) Chains

Breaking The (Supply) Chains “Supply chain disruptions” has become a catch-all phrase to explain product shortages and inflation. But how exactly does that work, and why is this problem taking so long to fix? For Story Time this week, Nick uses his 30 years of experience analyzing the US auto industry to explain what’s going […]

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The Coming Trucking Apocalypse – What’s Causing It?

The Coming Trucking Apocalypse – What’s Causing It? “While you’re sleeping, they’re hauling.  Have you thanked a trucker?” – Anonymous. Even though the Coronavirus has wreaked havoc in the lives of people worldwide, truckers have been struggling to keep the country moving.  Global lockdowns, massive shifts in consumer spending and supply chain issues, raw material […]

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“Global Supply Chain Crisis To Last Until 2023,” Says Middle East’s Largest Port Operator

“Global Supply Chain Crisis To Last Until 2023,” Says Middle East’s Largest Port Operator Global central bankers have been out and about continuing to promote a narrative that inflation is “transitory.” We’ve seen it from the likes of Powell, Lagarde, Bailey, and Kuroda. Logically, these monetary wonks are right, inflation caused by supply chain bottlenecks […]

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“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own

“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own Blames tangled-up supply chains but not what’s causing supply chains to get tangled up in the first place: The most grotesquely overstimulated economy ever. Fed Chair Jerome Powell, during a panel discussion hosted by […]

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A crisis of affordability

A crisis of affordability Western capitalist economies don’t really do shortages.  There are a few stand alone exceptions such as a music festival or a sporting event, where demand so outstrips supply that queues form.  But for the most part – as we saw last week with the eye-watering rise in wholesale gas prices – […]

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UK To Deploy Reserve Tanker Fleet And Military To Ease Energy Crisis

UK To Deploy Reserve Tanker Fleet And Military To Ease Energy Crisis Gas stations in English metro areas are running dry after six days of buying panic worsened shortages caused by insufficient truck drivers. For days, the UK government has contemplated the use of military truck drivers to replenish gas stations. Now there’s word the government’s reserve tanker fleet will […]

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Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas

Brian Taplin feeds the free-range Norfolk Black organic turkeys on Laverstoke Park Farm, on their final day before being killed for the Christmas Day table, in Overton, England, on Dec. 12 2006. (Matt Cardy/Getty Images) UK Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas Trees and toys also at risk, suppliers say […]

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Panic-Buying Could Leave 90% Of UK Gas Stations Dry; BoJo Considers Calling In Army To Resupply

Panic-Buying Could Leave 90% Of UK Gas Stations Dry; BoJo Considers Calling In Army To Resupply UK politicians panic as similarities to the 1970s-style “winter of discontent” of shortages and socio-economic distress have already materialized. Prime Minister Boris Johnson requested the Army to begin fuel deliveries to petrol stations. According to Reuters, 90% of petrol stations could […]

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