thekev
Elite Member
- Joined
- Aug 15, 2020
- Posts
- 1,110
I have been boycotting Amazon for years.
The idea that these things are temporary is unfounded. I mean they probably arose due to temporary supply chain imbalances, yet it doesn't perfectly predict what will happen later. Manufacturers may very well try this out as the new normal. Toyota actually cut its orders less than its competitors, yet it still took advantage of pricing surges.
How Toyota thrives when the chips are down
Toyota may have pioneered the just-in-time manufacturing strategy but when it comes to chips, its decision to stockpile what have become key components in cars goes back a decade to the Fukushima disaster.
www.reuters.com
I don't agree with AOC regarding causality. You can't always sufficiently prove such a thing, particularly with something as dynamic as the economy (also one reason I call laffer curve arguments garbage). What she names are likely to contribute, but I wouldn't attribute causality to confounding variables in this way, particularly not for the purpose of forecasting.