The Supply Chain Gangbangers

I had a conversation last night with a friend who works in construction management. She said her side of the business is screeching to a halt as the company can’t get materials and furniture out of China.   True story.

WTF?   Construction is in the nontradeable sector and this is a relatively small local construction firm.  It exposes how interconnected the global economy is — one massive loop of billions upon billions of feedback loops.   Now you understand why it is so difficult to get economic forecasts correct?

I asked her if lower interest rates would help.  She laughed her FAO.

Blank Sailings From China

This is a must video, folks.  I learned a new term – “blank sailings”, which are up 67 percent at the Long Beach port.

Blank_sailings

             Click here to view the video

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