Janet Yellen was on the White house stage today and performed a mea culpa over inflation. She claims she didn't understand covid, bottlenecks, supply chains or the definition of transitional. Her previous job was chair of the US federal reserve.
Politics Shortages all around the world
- Thread starter Redav
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Funny how everybody predicted that would happen.
Well, everybody with some some brain-cells still functioning that is.
Conspiracy theories and such...
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Oh noes seems there is a salad/lettuce shortage in Australisia they have had to resort to using cabbage on the burgers!!!
www.theguardian.com
‘Hit an iceberg’: KFC switches to cabbage in Australia due to lettuce shortage
Fast-food chain temporarily changes recipe due to supply chain issues caused by floods in Queensland and northern NSW earlier this year
www.theguardian.com
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Make it into slaw, either creamy or bbq. It's great and very popular on both burgers and bbq sandwiches here in the SE US.Oh noes seems there is a salad/lettuce shortage in Australisia they have had to resort to using cabbage on the burgers!!!
‘Hit an iceberg’: KFC switches to cabbage in Australia due to lettuce shortage
Fast-food chain temporarily changes recipe due to supply chain issues caused by floods in Queensland and northern NSW earlier this year
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Better for 'em anyways.... Vitamin C too.
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"Where's the Tampon's"?......"Where's the Tampon's"?....... "Where's the tampons"?
How in the hell can THAT be happening??? Shortage of Tampon's--WTF??? It's got to have something to do with all the illegals coming over the border there, that's just crazy!!
How in the hell can THAT be happening??? Shortage of Tampon's--WTF??? It's got to have something to do with all the illegals coming over the border there, that's just crazy!!
Right at the start of covid Warren Buffet cashed up, people were like that's a bit odd.
About month ago Cramer was 50% cash.
And here we are now with all in the market cashing up and betting down.
UK and NZ factory output both printed negative when they were predicted to be atleast .5% higher in positive territory. This melt down is happening faster than the morons who run the reserve banks realize.
They stated they didn't understand the supply shortages that covid caused. Really? Or are they making a confession to distract from their real main failure which was creating asset costs like housing so unaffordable it was crippling future growth. Growth they spent trillions trying to stimulate to no apparent avail..see the very easily deflated factory outputs quoted for proof.
Amongst their speech notes "Jay" Powell US fed chair said he didn't want a recession which halted the stocks decline on wall street for a day is another admition that he also wanted house prices lower, but to get that a recession will happen.
They want full employment but 4.5% unemployed. To hit that target a recession must occur.
So today they got another loss, the worst since such and such year. The kind that's been repeated so often that relating them to its historical equivalent has no bearing since this stimulus experiment of negative interest rates was the first in human history.
This correction is not about covid shortages, it started it but in reality they want a return to a time before their nervous asset bubble.
Crypto is another bug bear for them and is also getting Davosed, while its down they will hit it with regulation leaving only the true geeky finance fans and El Salvador to decide what its worth.
Trillions...smoke.
These people remind me of the Soviet sociopath calm types as they engineer society, collateral damage par for the course.
Perhaps they should learn to take caution and regulate before these bust cycles, free for all money and loose regulation is a proven recipe for cyclical busts.
The instigators all retire with their pensions. That should change. Warren Buffet who they regarded was foolish old school with his conservative investing strategy won the race with the hare.
About month ago Cramer was 50% cash.
And here we are now with all in the market cashing up and betting down.
UK and NZ factory output both printed negative when they were predicted to be atleast .5% higher in positive territory. This melt down is happening faster than the morons who run the reserve banks realize.
They stated they didn't understand the supply shortages that covid caused. Really? Or are they making a confession to distract from their real main failure which was creating asset costs like housing so unaffordable it was crippling future growth. Growth they spent trillions trying to stimulate to no apparent avail..see the very easily deflated factory outputs quoted for proof.
Amongst their speech notes "Jay" Powell US fed chair said he didn't want a recession which halted the stocks decline on wall street for a day is another admition that he also wanted house prices lower, but to get that a recession will happen.
They want full employment but 4.5% unemployed. To hit that target a recession must occur.
So today they got another loss, the worst since such and such year. The kind that's been repeated so often that relating them to its historical equivalent has no bearing since this stimulus experiment of negative interest rates was the first in human history.
This correction is not about covid shortages, it started it but in reality they want a return to a time before their nervous asset bubble.
Crypto is another bug bear for them and is also getting Davosed, while its down they will hit it with regulation leaving only the true geeky finance fans and El Salvador to decide what its worth.
Trillions...smoke.
These people remind me of the Soviet sociopath calm types as they engineer society, collateral damage par for the course.
Perhaps they should learn to take caution and regulate before these bust cycles, free for all money and loose regulation is a proven recipe for cyclical busts.
The instigators all retire with their pensions. That should change. Warren Buffet who they regarded was foolish old school with his conservative investing strategy won the race with the hare.
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Remember next time Russia invades someone to buy nickel.
With preparations for the presentation under way, JPMorgan’s woes grew. In March, it suffered a $120mn trading loss as counterparty in a disastrous short nickel trade by Chinese metals group Tsingshan on the London Metal Exchange.
March...seems neither Jamie Dimon (engineered the previous silver market cornering that also blew up) nor the Chinese had any Putin insider knowledge.
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This will blow the price of steel sky high, especially higher grades of steel as those often use nickel as a key additive element.
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After another day of chasing parts, I'm convinced that the greatest shortage that this world faces isn't any commodity. The greatest shortage is a total lack of competent, conscientious people who are actually willing to work.
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There is no shortages of zucchinis though bought a kilo for 1.11 € yesterday..
Anyway micro chips seem to become abundant again...except in Russia of course.
Its (avoidable) disruptions in supply flows which cause most of the shortages. The stuff is mostly there - just at the wrong place on the wrong time.
Anyway micro chips seem to become abundant again...except in Russia of course.
Its (avoidable) disruptions in supply flows which cause most of the shortages. The stuff is mostly there - just at the wrong place on the wrong time.
Touchwood. But amazingly we have not lost a sea or air shipment in nearly 20 years. Chiina lockdowns and US unionized ports have been the problem, the cause for worldwide dysfunction. But could have been avoided. They could have taken action to run the Chinese ports with isolated workers and US 24 hour but neither administrations stepped in early.
Chinese leadership has been totally inept through out and Biden F***s everything up, a perfect storm of incompetence.
Chinese leadership has been totally inept through out and Biden F***s everything up, a perfect storm of incompetence.
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