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Reuters (September 13)

2021/ 09/ 13 by jd in Global News

“Shortages of metals, plastics, wood and even liquor bottles are now the norm.” As these “hobble” the U.S. economy, “new challenges continue to arise, including hurricane disruptions to U.S. oil refineries.” Supply lines present additional challenges. “With so many manufacturers rushing to build supplies at the same time, the containers, ships, and trucks needed to move the goods often aren’t available, and have soared in cos…. That has disrupted some of the mechanisms that normally help keep supplies, and prices, in check.”

 

New York Times (March 7)

2021/ 03/ 09 by jd in Global News

“The pandemic has disrupted international trade, driving up the cost of shipping goods and adding a fresh challenge to the global economic recovery.” Although “the volume of global trade dipped by only 1 percent in 2020,” that fact obscures “a plunge of more than 12 percent in April and May, followed by an equally dramatic reversal. The system could not adjust, leaving containers in the wrong places, and pushing shipping prices to extraordinary heights.” Some experts believe the upheaval will last the remainder of the year.

 

Wall Street Journal (February 12)

2016/ 02/ 13 by jd in Global News

Focusing on employment and rising wages, Federal Reserve Chair Janet Yellen believes “the U.S. economy is in decent shape and would be even better if not for the blasted rest of the world.” Markets, on the other hand, “are looking at different signals that suggest the world economy continues to weaken.” For example, “global trade is no longer growing as rapidly as world GDP, which is the opposite of the historical pattern. Containers are piling up at the world’s ports.” Ms. Yellen may “turn out to be right” given market proclivity for volatility and overreaction.

 

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