We're Experiencing Severe Shortages Now, How Bad Will It Get When The Economy Starts Tanking Again
Michael Snyder (Opinion) - Inflation and shortages are the two big stories for the U.S. economy this week. In recent days I have done multiple articles about inflation, and so today I want to focus on the widespread shortages that we are currently witnessing. At this moment, the U.S. economy is experiencing more shortages than it did at any point during 2020. I know that statement sounds quite outlandish, but it is true. During the early stages of the pandemic, there were temporary shortages of toilet paper, hand sanitizer and other items, but now there are severe shortages throughout many sectors of the economy, and quite a few of those shortages will not be so temporary.
On Thursday, Business Insider published a list of some of the most serious shortages that we are going through at the moment…
-Computer chips -Used cars and rental cars -Gas -Plastics and palm oil -Truckers and rideshare drivers -Homes and vacation houses -Lumber -Household products like toilet paper and tampons -Furniture -Chicken -Bacon and hot dogs -Imported foods like cheese, coffee, and olive oil -Chlorine -Corn
That is quite a list!
The COVID pandemic suppressed output for many industries for ....READ MORE
Michael Snyder is a nationally syndicated writer, media personality and political activist. He is the author of 5 books including his latest, Lost Prophecies Of The Future Of America” which is available on Amazon.com. He has four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. Michael allows others to republish his work on other websites because he feels people need hope more than ever before, and its his goal to share the gospel of Jesus Christ.