AIER America is experiencing extended shortages of goods without recent precedent. The global transportation system is heavily congested, with dozens of ocean freighters waiting off California to dock. Is Americaâs economy beginning to emulate the former Soviet Union?
Consumer spending quickly recovered from a sharp decline from the Covid-19 pandemic. More significantly, the pandemic and the policy responses changed buying plans. Consumers shifted from dining out and entertainment to purchasing goods. Stay-at-home orders led to a demand for building supplies for DIY projects while remote schooling led to huge purchases of Chromebooks. Covid stimulus checks encouraged additional purchases….
