The Other Side of Sliding Commodities; Was There Ever ‘Too Many’ Goods?

view original post


Spend even a modest amount of time on the subject, and the distinct impression you are left with is that American ports and railyards are dealing with a truly epic jam because the economy has been so good there’s just too many goods for anyone to reasonably handle. Juiced by the federal government’s helicopters, Americans spent, spent some more, and then went back to their computers and gave Amazon – therefore overseas producers – even more of that borrowed Uncle Sam cash. At the very same time, our poor supply chain already stretched by this unique frenzy was concurrently walloped by a labor shortage which, … (full story)