I am sure that many people on this forum have had to deal with some type of shortage recently as the global supply chains have been disrupted. I don't have to explain to you all that things are different than they were two years ago. My job selling cars has been hit hard by this reality as well as many people I hear from are all facing some kind of extenuating circumstance due to a shortage of some kind. Whether it be contractors, pipefitters, industrial lawnmowers, farmers the list goes on and on.
Even so, the stock market keeps hitting new highs which are in no small part to the quantitative easing being done by the fed (This is happening in the U.S. I can't speak for other countries) I have heard a few things about this, one that this historically has led to a collapse of the currency that was being eased, two that the U.S. is actually within the range of a healthy borrowing deficit and there is not much to worry about right now; three, that Modern Monetary Theory could potentially make it so there is not a recession again based on the fact that money is valuable because of money.
With that being said My friend and I were discussing this situation recently and I wanted the forum's opinion on this.
Could the market reach a catch 22 scenario in which key things such as semiconductors are required to make things like cars, harvesters, planes, etc. Are not available and businesses that rely on those things to turn a profit are massively impacted. Businesses that have the funds to weather the storm might be ok but I would imagine that many businesses big and small are going to fold because they cant get the things they need. Therefore laying off people to work at said businesses, because they are short-staffed that leads to more shortages which in turn leads to more businesses folding.
What do you all think is going to happen? Is this just a minor road bump in our economic history? Will this be somewhere in the middle in terms of how bad things will be? Or will this be a collapse the likes of which we have never seen before in our modern history...
Even so, the stock market keeps hitting new highs which are in no small part to the quantitative easing being done by the fed (This is happening in the U.S. I can't speak for other countries) I have heard a few things about this, one that this historically has led to a collapse of the currency that was being eased, two that the U.S. is actually within the range of a healthy borrowing deficit and there is not much to worry about right now; three, that Modern Monetary Theory could potentially make it so there is not a recession again based on the fact that money is valuable because of money.
With that being said My friend and I were discussing this situation recently and I wanted the forum's opinion on this.
Could the market reach a catch 22 scenario in which key things such as semiconductors are required to make things like cars, harvesters, planes, etc. Are not available and businesses that rely on those things to turn a profit are massively impacted. Businesses that have the funds to weather the storm might be ok but I would imagine that many businesses big and small are going to fold because they cant get the things they need. Therefore laying off people to work at said businesses, because they are short-staffed that leads to more shortages which in turn leads to more businesses folding.
What do you all think is going to happen? Is this just a minor road bump in our economic history? Will this be somewhere in the middle in terms of how bad things will be? Or will this be a collapse the likes of which we have never seen before in our modern history...
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