Here let me Explain what is actually meant by "Supply chain difficulty" into Laymen terms: CHINA WORLD FACTORY. CHINA 0 COVID. CHINA SHUTDOWN.
[media=https://youtu.be/cug3YJpF6TY]
Biden not Responsible for Inflation. Biden might have caused inflation in earlier part of 2021 but by now those who got stimulus have spent stimulus, So Stimulus has no impact anymore. Stimulus impact is OVER.
Why inflation today? while there has been some movement towards manufacturing in Vietnam, it's indisputable that China has become the world's factory, the world might be in transition towards Vietnam and alternatives, but it has not yet ARRIVED there, and that transition won't happen overnight
China makes most of the U.S.As cheap goods, and China has enacted a 0 covid policy to aggressively combat Covid 19 which means if there's an outbreak at a factory it gets shutdown.
The inflation is still transitory, but China's Covid policies have prolonged it.
Biden not Responsible for Inflation. Biden might have caused inflation in earlier part of 2021 but by now those who got stimulus have spent stimulus, So Stimulus has no impact anymore. Stimulus impact is OVER.
Why inflation today? while there has been some movement towards manufacturing in Vietnam, it's indisputable that China has become the world's factory, the world might be in transition towards Vietnam and alternatives, but it has not yet ARRIVED there, and that transition won't happen overnight
China makes most of the U.S.As cheap goods, and China has enacted a 0 covid policy to aggressively combat Covid 19 which means if there's an outbreak at a factory it gets shutdown.
The inflation is still transitory, but China's Covid policies have prolonged it.
