Quote:
Originally Posted by fleebs
Anyone who thinks that is wrong. Anyone who think it's because of Trump is also wrong. The President has no power over the Fed.
The real reason is the massive amount of fiat that is constantly being printed, which has accelerated dramatically since early last year. It will take time for the full effects to be felt, but make no mistake it's coming.
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The Fed had no power over the virus.
When Covid-19 shut the economy down, everyone should have realized that not all the different sectors of our economy would come back to normal at the same time, at the same rate as things were before, or with the same ease.
Housing is a very complicated industry that requires many different materials. In normal times, all the materials are in pretty much equal supply everywhere. An item or two may be out of stock, but it will arrive very soon. That's the way it has been for years now.
Even though we are in the beginning of a comeback, the country has not returned to our normal pre-Covid times just yet. Right now, shortages in some areas should be expected, surpluses in other areas, and some things will very quickly return to their pre-Covid abundance.
Others will not.
Shortages should be expected, and the shortages are going to be in the least-anticipated areas quite often. As demand spikes, things will get jammed up in the supply chain, accidents will happen, and mistakes will be made. Nothing will be as simple as it once was for quite a while in some things.
It's going to take longer to recover than some folks apparently believe, or accept. There are going to be a few things that will disappear, possibly forever, and there will be other things that will require a year or more to come back to full production.
It will take even longer for the long, complicated international supply chain to fill back up with goods to the point where construction supply will be on a drop-ship ahead of the need basis it was before the pandemic.
So if you still find empty shelves at Home Depot, don't be surprised. And don't blame it on the Fed, or Biden, or Trump, or the Democrats, or the Republicans, or the Communists, or the Chinese.
Covid crawled all over this planet over 2020 and infected all corners of it. A virus is a mindless thing that has no agenda other than to replicate and feed.
Blame it if you must blame something.
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