Most people don’t bother to prepare for uncertain times until it’s too late. It’s the “ant and the grasshopper” parable written on a human scale. “The problem is that while fear is a great motivator, it isn’t conducive to smart decisions,” said Diane Vukovic at Primalsurvivor.com, an online personal preparedness website. “No matter how terrified…
Preparing For Hard Times Is Easy For Those On a Shoestring Budget, Preppers Say
How to Prepare for Food Shortages, Hard Times on a Shoestring Budget: Preppers’ Advice
Most people don’t bother to prepare for uncertain times until it’s too late. It’s the “ant and the grasshopper” parable written on a human scale. “The problem is that while fear is a great motivator, it isn’t conducive to smart decisions,” said Diane Vukovic at Primalsurvivor.com, an online personal preparedness website. “No matter how terrified…
Major South Korean Industries Face Production Cuts and Shutdowns Amid China’s Lockdowns
May 3, 2022
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Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & Economychinese importsHyundaiKiaLGlockdownsSamsungSouth Koreasupply chainWorld
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South Korea’s major industries are experiencing supply disruptions in core components as the pandemic lockdowns in China show no end in sight. With the country’s high dependence on Chinese imports, any disruption in the supply chain would threaten the South Korean economy, according to a recent study. Under the severe disruptions to the Chinese supply…
Here’s Why Intel CEO Believes Chip Shortage to Last Until 2024
May 3, 2022
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After predicting the global chip shortage would last until 2023, Intel Corporation CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024. Gelsinger thinks that the industry can meet the demand for new products being built on new lines, not just existing ones; hence, the chip shortage will stretch into 2024. Talking about Intel’s…
Apple’s Supply Chain Issues Are ‘Investor Distraction Vortex’ and ‘Blown Out of Proportion’: Analyst
Problems with Apple Inc.’s supply chain have been “blown out of proportion” according to Gene Munster, Apple analyst and co-founder and managing partner at Loup Funds. Munster said in a note published on April 29 that the tech giant’s supply chain issues are in fact an “investor distraction vortex” after the company predicted a decline in performance…
Global Inflation to Stay Stubbornly High as Wrecked Supply Chains Persist: Reuters Poll
April 29, 2022
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Business & EconomyBusinesses in COVID-19CCP Viruseconomic policieseconomyEuropeglobalinflationINSIDE CHINAInternationalMarketsRussia-Ukraine Warsupply chainWorld
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BENGALURU—The global streak of high inflation is far from over and aggressive monetary policy tightening will fall short in taming price pressures to mandated levels as broken supply chains are unlikely to mend anytime soon, Reuters polls showed. Inflation in most countries has soared to multi-year highs, driven by a rebound in economic activity and…
Supply Chain Woes to Worsen in Summer Months: Trucking Company
April 19, 2022
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Business & EconomyCCP VirusChinaChina Business & EconomyCompanieseconomyEditor's PicksINSIDE CHINAJ.B. Huntshanghai lockdownsupply chainUSUS News
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The United States may experience much worse supply chain pains in the coming summer months because of the massive lockdowns ongoing in China, a large trucking company warned. “We do forecast that to get a lot worse as we come into the summer months, particularly with what’s happening in the supply chain from an ocean…
Lockdown Induces Shanghai Port Congestion, Drags Foreign Trade and Global Supply Chain
A prolonged citywide lockdown caused congestion in the Port of Shanghai and affected the global supply chain due to the megacity’s influential position in foreign trade and transportation. Zhang Jinglun, a U.S. financial expert, told The Epoch Times that the Shanghai lockdown, part of China’s intensifying anti-virus measures, is bound to cause disruptions in production…
Ex-Fed Official Says Stimulus Spending Main Cause of Red-Hot Inflation, Not Supply-Side Bottlenecks
April 18, 2022
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Former Federal Reserve Bank of Richmond President Jeffrey Lacker said that supply chain snarls were “more of a symptom than a cause” of surging inflation, with the key factor driving up prices being massive government spending on pandemic emergency programs that caused demand to balloon against a backdrop of squeezed supply. “Simple sayings are often…
Stimulus Spending Main Cause of Red-Hot Inflation, Not Supply-Side Bottlenecks: Former Fed Official
April 18, 2022
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Business & Economyeconomygovernment spendinginflationInvestmentMarketspersonal financePolicies & Impactssupply chainUS
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Supply chain snarls are “more of a symptom than a cause” of surging inflation, with the key factor driving up prices being massive government spending on pandemic emergency programs that caused demand to balloon against a backdrop of squeezed supply, according to former Federal Reserve Bank of Richmond President Jeffrey Lacker. “Simple sayings are often…
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