Nonsense.
How can we have shortages in just about everything? Oil. Gas. Aluminum. Steel. Wheat. Corn. Soybeans. Scrap steel.
The real reason is cheap money! Short-term interest rates should be close to 7% with the current inflation rate of 4%. But the economy would collapse. The reason is that there are major structural weaknesses in our system.
Cheap money is debasing our currency. Foreign investors are hoarding commodities (priced in dollar) at a discount.
A strong dollar will end all the shortages!
More, much more if you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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