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May 17 - The World Economy Is Suddenly Running Low on Everything



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 4 weeks ago '15        #1
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May 17 - The World Economy Is Suddenly Running Low on Everything
 

 
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A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up.

Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and a*suage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.

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Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”

The difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is — as far as anyone can tell — no clear end in sight. Big or small, few businesses are spared. Europe’s largest fleet of trucks, Girteka Logistics, says there’s been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kong’s MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors.

Further exacerbating the situation is an unusually long and growing list of calamities that have rocked commodities in recent months. A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops. A deep freeze and mass blackout wiped out energy and petrochemicals operations across the central U.S. in February. Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S., driving gasoline prices above $3 a gallon for the first time since 2014. Now India’s massive Covid-19 outbreak is threatening its biggest ports.

For anyone who thinks it’s all going to end in a few months, consider the somewhat obscure U.S. economic indicator known as the Logistics Managers’ Index. The gauge is built on a monthly survey of corporate supply chiefs that asks where they see inventory, transportation and warehouse expenses — the three key components of managing supply chains — now and in 12 months. The current index is at its second-highest level in records dating back to 2016, and the future gauge shows little respite a year from now. The index has proven unnervingly accurate in the past, matching up with actual costs about 90% of the time.

To Zac Rogers, who helps compile the index as an a*sistant professor at Colorado State University’s College of Business, it’s a paradigm shift. In the past, those three areas were optimized for low costs and reliability. Today, with e-commerce demand soaring, warehouses have moved from the cheap outskirts of urban areas to prime parking garages downtown or vacant department-store space where deliveries can be made quickly, albeit with pricier real estate, labor and utilities. Once viewed as liabilities before the pandemic, fatter inventories are in vogue. Transport costs, more volatile than the other two, won’t lighten up until demand does.

“Essentially what people are telling us to expect is that it’s going to be hard to get supply up to a place where it matches demand,” Rogers said, “and because of that, we’re going to continue to see some price increases over the next 12 months.”

More well-known barometers are starting to reflect the higher costs for households and companies. An index of U.S. consumer prices that excludes food and fuel jumped in April from a month earlier by the most since 1982. At the factory gate, the increase in prices charged by American producers was twice as large as economists expected. Unless companies pass that cost along to consumers and boost productivity, it'll eat into their profit margins.

A growing chorus of observers are warning that inflation is bound to quicken. The threat has been enough to send tremors through world capitals, central banks, factories and supermarkets. The U.S. Federal Reserve is facing new questions about when it will hike rates to stave off inflation — and the perceived political risk already threatens to upset President Joe Biden's spending plans.

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visit this link https://www.bloomberg.com .. lies-run-short
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61 comments
 

 4 weeks ago '14        #2
breezeus313 
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add bullets and canned goods to cart
+34   

 4 weeks ago '06        #3
new2hiphop 
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Only thing not running out .... is clout yet it’s demand is at a all time high.
+55   

 4 weeks ago '04        #4
skillahmang 
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OP a fear mongerer

Rather be alive today than any other time.
+11   

 4 weeks ago '20        #5
Ball Man 
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All over the place, from popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume.


Last edited by Ball Man; 05-18-2021 at 05:54 AM..
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 4 weeks ago '17        #6
StandUpFella09 
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Lol. Its all prophecy coming alive. The pestilences and earthquakes in diverse places. Now the great famine. Things only gonna get worse from here.
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 4 weeks ago '21        #7
Jonny2soxs  topics gone triple plat - Number 1 spot x4
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 StandUpFella09 said
Lol. Its all prophecy coming alive. The pestilences and earthquakes in diverse places. Now the great famine. Things only gonna get worse from here.
Especially with “UFOS” popping up

Were definitely in the end times , soon the anti Christ will rise
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 4 weeks ago '17        #8
StandUpFella09 
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Lol. Yall really dont understand that anti christ has already been here.
-4   

 4 weeks ago '06        #9
Bilal  topics gone triple plat - Number 1 spot x10
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Supply chain is bringing in 50 trillion on the block chain. This is another step to digital everything.






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 4 weeks ago '11        #10
GravityEraser52 
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Looks like things are probably going to get worse as a whole, and the fu*ked up thing is, it's all being done by design.
+19   

 4 weeks ago '19        #11
tonysancho 
Props total: 11539 11 K  Slaps total: 400 400
Real facts.
There's a shortage of workers in every industry. Corporations do have a shortage of skilled laborers but they're not hiring a lot of people despite that application intake is high.

This is because they still have their hand out to the government as well all while shifting the blame and saying that people don't want to work.

I personally applied for a job and my current company and was rejected. I spoke to HR and the recruiter called me and said he didn't even realized I worked for the company. My current position is the 1st job on my resume.
+25   

 4 weeks ago '20        #12
Bighempin 
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 FPOT said
More like the time of the saltine blood line is coming to an end and they tryna poke holes in the bottom of the ship
Big Factz!
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 4 weeks ago '05        #13
Dun Language  topics gone triple plat - Number 1 spot x12
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Who cares.

I'm black we were raised in the struggle

I feel sorry for those who are use to living a certain way

When that sh*t comes to a end they gonna commit that
+20   

 4 weeks ago '18        #14
Capodecina  topics gone triple plat - Number 1 spot x1
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This was the plan all along.
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 4 weeks ago '11        #15
Inspires  topics gone triple plat - Number 1 spot x1
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 tonysancho said
Real facts.
There's a shortage of workers in every industry. Corporations do have a shortage of skilled laborers but they're not hiring a lot of people despite that application intake is high.

This is because they still have their hand out to the government as well all while shifting the blame and saying that people don't want to work.

I personally applied for a job and my current company and was rejected. I spoke to HR and the recruiter called me and said he didn't even realized I worked for the company. My current position is the 1st job on my resume.
The turn around rate at FedEx is really high I’m getting openings for the position every other morning, yet got the nerve to reject applications.
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 4 weeks ago '20        #16
DrDisrespect 
Props total: 708 708  Slaps total: 314 314
Time for this bish to SHUT DOWN. All I'm gonna say is watch out for a dude called "Jarred Kushner"

He is the n*gga that signed the Peace Deal in the Middle East and we all know what happens next.

"For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape."
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 4 weeks ago '11        #17
Tony Franks  topics gone triple plat - Number 1 spot x2
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China stopped the shipments. Preparing for war.
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 4 weeks ago '10        #18
ARosary 
Props total: 16449 16 K  Slaps total: 1773 1 K
It is a 2 way fold, the real problem is not scarcity, it is hoarding & the lack of accessibility to resources for certain groups.

Then, the workforce is trying even out economically , but many low paying and hard labor jobs have dated compensation for current times and that workforce dont have any other skills to contribute to the machine.....a machine that has not been well-oiled.
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 4 weeks ago '07        #19
Avon_Barksdale  topics gone triple plat - Number 1 spot x94
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 FPOT said
More like the time of the saltine blood line is coming to an end and they tryna poke holes in the bottom of the ship
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 4 weeks ago '05        #20
BurninLz 
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all by design. they've been discussing this sh*t in the open for years now lol

"Cyber attacks" are up next:


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 4 weeks ago '19        #21
AdonisH 
Props total: 5077 5 K  Slaps total: 559 559
Lmao but y’all love slapping n*ggas who’ve been saying this for YEARS. All this sh*t from trump to Covid to Biden to China is all a big a*s scheme and game. America is about to be replaced with China and Russia. But keep thinking everything is a conspiracy because you lack the intelligence to understand said theories or your intellect is so limited that you refuse to research outside the scope. Whatever happens happens.
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 4 weeks ago '16        #22
SnowmanKilla 
Props total: 786 786  Slaps total: 177 177
Good, the earth cant handle our level of
consumption anyway

Scale all the economy down to save the planet

 4 weeks ago '08        #23
J_Clarity13 
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We're all just waiting for the world to burn.

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 4 weeks ago '06        #24
Sammyboi22 
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 SnowmanKilla said
Good, the earth cant handle our level of
consumption anyway

Scale all the economy down to save the planet
So true. I read something a while back that the US has something like a 50% food waste stat. Think about that. Other countries can’t get enough food to feed their people, we make enough to feed 600 million a day, then throw out 300 million worth because we didn’t sell it.
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 4 weeks ago '04        #25
biscuit 
Props total: 45043 45 K  Slaps total: 4160 4 K
There has been a thread just about every week on this and it's real AF.

I first noticed it when I tried buying a bicycle 3 weeks ago. Bikes and parts are low in stock globally. I thought it was weird but still found one so i thought whatever.

Fitness equipment, same deal especially anything made of metal like plates etc.

The earlier "conspiracy" threads talked about the coming shortages and especially the pending gas shortage right around the corner.

Basically, they are telling you EXACTLY what's gonna happen and you can watch it unfold in real time.

Wild.


Last edited by biscuit; 05-18-2021 at 08:13 AM..
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