We appear to be in a complicated mess. Rolling shortages of many supplies are making life complicated for both business and consumers.
Many root problems are at play…interesting economic times, perhaps not seen since the Second World War.
*Land sea cargo container ships are piled up outside ports waiting to be unloaded - port capacities are too small, ships have gotten larger in an effort to reduce unit costs and ports have not been able to adapt
*China is declining as many manufacturing industries shift to other nations…the much talked about “decoupling” is happening
*Low cost labor jobs in the US are hard to fill…..automation may be posed to fill the gap
*Disruptive technologies are emerging …e.g. electric vehicles, space infrastructure …..causing traditional manufacturing and other industries to stagnate and managers struggle to decide where to shift capital investment
IMO the mess is not a mega conspiracy. It is not a time to hunker down and buy precious metals. It is a time of economic disruptions as techologies change and industries transform and nations face challenges…the future is emerging and we should look forward to it rather than wringing our hands and clinging to old doom and gloom explanations.
Many root problems are at play…interesting economic times, perhaps not seen since the Second World War.
*Land sea cargo container ships are piled up outside ports waiting to be unloaded - port capacities are too small, ships have gotten larger in an effort to reduce unit costs and ports have not been able to adapt
*China is declining as many manufacturing industries shift to other nations…the much talked about “decoupling” is happening
*Low cost labor jobs in the US are hard to fill…..automation may be posed to fill the gap
*Disruptive technologies are emerging …e.g. electric vehicles, space infrastructure …..causing traditional manufacturing and other industries to stagnate and managers struggle to decide where to shift capital investment
IMO the mess is not a mega conspiracy. It is not a time to hunker down and buy precious metals. It is a time of economic disruptions as techologies change and industries transform and nations face challenges…the future is emerging and we should look forward to it rather than wringing our hands and clinging to old doom and gloom explanations.