Living on the edge, near the default

[matrixmann]

Shortage of materials while the order books are all full... That's what it turns into if you afford yourself a globalized economy with everything of lower complexity degree production outsourced to just a few places in the world and some link in the chain suddenly becomes absent for whatever reason - or some selected player(s) suddenly buy(s) up

Comments

[onb2017]

Totally agree. This is how it works and no need for any conspiracy theories.

[matrixmann]

At the moment, this is strongly the case with certain base materials. Wood, iron, steel, semiconductor devices...
Especially wood is being talked about a lot because the price spiked like fuck and there is trouble to get a hold of some.
House building, for example, is very troubled through that. Firms even have to delay or reject orders because they can't get their hands on the necessary materials for building a house.

Allegedly, the US buys a lot of wood an iron on the world market at the moment.

(And, what the consequences will be of India having to deal with their own regional mutation of Covid-19 as much as they have, I think that's still unforseeable. - Or at least not that much talked about.)

[onb2017]

Oh, India...good point. Suddenly everyone has forgotten that it is a huge producer of agricultural-second in the world- and some consumer goods. I guess there is more fun to come...Sadly

[matrixmann]

I have already questioned myself which goods might be hard to get or climbed in their prices because of the situation in India.
Because - well, remember how the EU cried out loud that a silently going on and growing shortage of some meds is on here? Because often enough a batch of meds from India has to be sorted out because it doesn't suit the quality and purity requirements?
India already produces quit a chunk of commonly and often-used pills... And if a land that had been assigned such an important task is in trouble for whatever reasons, I wonder what that does to the production of their usual goods that are needed throughout the world...?