Accordingly to my relatives, friends, and retired military buddies...
No food shortages in Idaho, Arizona, Nebraska, New Mexico, North Dakota, South Dakota, Colorado, Illinois, Kentucky, Georgia, Indiana, Missouri, and North Carolina. Yet, there have been empty shelves (now full again) of electronics.
In contrast, the cost of food and goods has increased but we're Americans...we know how to get by to save money.
Examples:
A cousin stop eating out / ordering food from restaurants
Friend...ended his multiple magazine subscriptions and insane weekly car wash/full cleaning at some local car wash place. He now hand washes his own car plus vacuuming it in his driveway.
Brother (a doctor), no longer buys his groceries at the slick expensive place in town...he now buys his groceries from the discount grocery store.
Another brother (EMT), he canceled his expensive gym membership...most of the time it was closed during this Pandemic.
My point, if you have money, you can easily get rid of the excess luxuries in your life when foods and consumer goods become too expensive due to extraordinary rising inflation costs.
In contrast, the poor have much fewer options. Thus, they typically are hit the hardest than any social-economic group in high inflation economy. Yet, the few that are poor...you'll see a huge increase in robberies, store theft and even breaking into cargo containers on "moving trains" to steal boxes of goods being shipped by FedEs, UPS, and any one else in the shipping business.
My youngest wanted an Xbox series X...the stores did not have it and they didn't have it available online. We had to wait 2 1/2 weeks before we could order it online. Today, a few weeks after Christmas...stores have crates stacked up with Xbox consoles...suddenly they can't get rid of them.
By the way, Americans and Canadians that carry too much debt...will be hurt the most when interest rates begin to rise in comparison to rising food costs. People have too much debt and that's the fault of their own...not the government.
I remember a thread I started about being debt-free a year or so before the Pandemic and how important it becomes in times of economic crisis to be debt-free. I was amazed at all the people that showed up to say how bad being debt-free was and how impossible it was (e.g. no mortgage, no car payments, credit cards paid off, putting money aside for kids college without student loan debt to ensure they don't have debts when they begin life on their own, et cetera).
I feel sorry for politics because people will naturally blame the government for their inability to manage things that are their responsibility (e.g. refusing to downsize, carrying more credit card debt).
Democrats will get the blame...possibly setting up a big loss in the mid-terms. The Republicans will not be able to fix problems that typically are the responsibility of the people...setting up a big loss in the next Presidential election.
Last of all, why are so-called traders bitching ?
We are individuals that take money and then make more money...right ?
Edit: Food shortages in Kentucky @ https://www.whas11.com/article/news...tems/417-b46d4477-9fcd-4863-a23b-879d2abfa430
They seem to be blaming it on "staff shortages" and there's still major slow downs in the supply/demand, winter weather and lack of truck drivers.
Canada now requiring truck drivers to be vaccinated...too many not vaccinated and calling in sick from Covid (most likely Omicron) illnesses. Strangely, due to lack of truckers because of illnesses...they fault hard against the pending mandates.
I blame truckers for being complete idiots because we have a supply/demand problem because they were not vaccinated and getting sick. Now the vaccine mandates have arrived...truckers are less sick and the supply chain problems have started improving again but truckers are bitching about the mandates.
wrbtrader
No food shortages in Idaho, Arizona, Nebraska, New Mexico, North Dakota, South Dakota, Colorado, Illinois, Kentucky, Georgia, Indiana, Missouri, and North Carolina. Yet, there have been empty shelves (now full again) of electronics.
In contrast, the cost of food and goods has increased but we're Americans...we know how to get by to save money.
Examples:
A cousin stop eating out / ordering food from restaurants
Friend...ended his multiple magazine subscriptions and insane weekly car wash/full cleaning at some local car wash place. He now hand washes his own car plus vacuuming it in his driveway.
Brother (a doctor), no longer buys his groceries at the slick expensive place in town...he now buys his groceries from the discount grocery store.
Another brother (EMT), he canceled his expensive gym membership...most of the time it was closed during this Pandemic.
My point, if you have money, you can easily get rid of the excess luxuries in your life when foods and consumer goods become too expensive due to extraordinary rising inflation costs.
In contrast, the poor have much fewer options. Thus, they typically are hit the hardest than any social-economic group in high inflation economy. Yet, the few that are poor...you'll see a huge increase in robberies, store theft and even breaking into cargo containers on "moving trains" to steal boxes of goods being shipped by FedEs, UPS, and any one else in the shipping business.
My youngest wanted an Xbox series X...the stores did not have it and they didn't have it available online. We had to wait 2 1/2 weeks before we could order it online. Today, a few weeks after Christmas...stores have crates stacked up with Xbox consoles...suddenly they can't get rid of them.
By the way, Americans and Canadians that carry too much debt...will be hurt the most when interest rates begin to rise in comparison to rising food costs. People have too much debt and that's the fault of their own...not the government.
I remember a thread I started about being debt-free a year or so before the Pandemic and how important it becomes in times of economic crisis to be debt-free. I was amazed at all the people that showed up to say how bad being debt-free was and how impossible it was (e.g. no mortgage, no car payments, credit cards paid off, putting money aside for kids college without student loan debt to ensure they don't have debts when they begin life on their own, et cetera).
I feel sorry for politics because people will naturally blame the government for their inability to manage things that are their responsibility (e.g. refusing to downsize, carrying more credit card debt).
Democrats will get the blame...possibly setting up a big loss in the mid-terms. The Republicans will not be able to fix problems that typically are the responsibility of the people...setting up a big loss in the next Presidential election.
Last of all, why are so-called traders bitching ?
We are individuals that take money and then make more money...right ?
Edit: Food shortages in Kentucky @ https://www.whas11.com/article/news...tems/417-b46d4477-9fcd-4863-a23b-879d2abfa430
They seem to be blaming it on "staff shortages" and there's still major slow downs in the supply/demand, winter weather and lack of truck drivers.
Canada now requiring truck drivers to be vaccinated...too many not vaccinated and calling in sick from Covid (most likely Omicron) illnesses. Strangely, due to lack of truckers because of illnesses...they fault hard against the pending mandates.
I blame truckers for being complete idiots because we have a supply/demand problem because they were not vaccinated and getting sick. Now the vaccine mandates have arrived...truckers are less sick and the supply chain problems have started improving again but truckers are bitching about the mandates.
wrbtrader
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