The disruption the pandemic has inflicted on global supply chains is really starting to harm consumers. Prices for most items are up double digits in the past year. And product shortages are rampant these days.
How much longer is this pain for our pocketbooks likely to last?
The world has been watching prices rise dramatically this year across nearly all asset classes -- in large part caused by the $trillions in monetary and fiscal stimulus flooding into the economy as well as the disruption of global supply chains caused by the COVID pandemic. But not only are consumers experiencing rising prices at the store, they're increasingly finding empty shelves, too.
On the supply side, things have become so bad that today guest expert, Wolf Richter, has coined the term "The Everything Shortage" to describe the era we're now entering. See the YouTube Video for the charts and graphics: https://youtu.be/Pw51DqC-cQE
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