Economics

829 readers

88 users here now

founded 2 years ago

Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic (edition.cnn.com)

submitted 3 weeks ago by death@infosec.pub to c/economics@lemmy.world

5 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] DarkDarkHouse@lemmy.sdf.org 15 points 3 weeks ago (1 children)

It’s about to get real in the US. What’s the over/under on the day panic buying starts?

[–] satanmat@lemmy.world 15 points 3 weeks ago

Anyone who is paying attention has already started....

Fortunately, most day to day needs are not shipped from china; TP and foodstuffs. But the darkest part of this is the knock on effects-- tech; hard drives, phones and devices; toys and consumer goods

If they are not being shipped, they don't need longshoremen to unload-- they don't need truckers to get them to distribution centers- they don't need people to work in the stores. And when all those people lose hours or jobs; they can't spend money at other stores or restaurants....

The USA is a goods and services economy and when you gut goods; no one can afford any services.

We rely on trade and the President has such a bass awkward understanding of economics and is so dogmatic in his refusal to listen

Yeah we're fucked.

Anyone in Norway want to adopt me?