Inflation and shortages!

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nsaspook

Joined Aug 27, 2009
16,357
https://www.washingtonpost.com/technology/2022/01/25/semiconductor-shortage-inventory-2022-chips/
Manufacturers and other buyers of computer chips had less than five days’ supply of some chips on hand late last year, leaving them vulnerable to any disruptions in deliveries, the Commerce Department reported Tuesday as it pushed Congress to endorse federal aid for chip makers.

The report highlighted the severity of a global shortage that has hobbled manufacturing and fueled inflation for more than a year and that defies easy solutions.
Manufacturers’ median chip inventory levels have plummeted from about 40 days’ supply in 2019 to less than five days, according to a survey of 150 companies worldwide that the Commerce Department conducted in September.

“This means a disruption overseas, which might shut down a semiconductor plant for 2-3 weeks, has the potential to disable a manufacturing facility and furlough workers in the United States if that facility only has 3-5 days of inventory,” the Commerce Department concluded in a six-page summary of its findings.
There are critical shortages in raw manufacturing materials for semiconductor production.
 

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nsaspook

Joined Aug 27, 2009
16,357
https://www.cnbc.com/2022/02/09/jan...o-rise-7point2percent-highest-since-1982.html

January consumer inflation expected to rise by 7.2%, the highest since 1982

https://news.yahoo.com/consumer-price-index-cpi-inflation-january-2022-210344769.html

U.S. inflation accelerated in January, with prices across a wide range of goods and services soaring further amid lingering shortages and supply chain disruptions.
The Consumer Price Index (CPI) released by the Bureau of Labor Statistics Thursday morning registered a 7.5% annual gain in January. Consensus economists were looking for a 7.3% rise, according to Bloomberg data. This represented the fastest rise since 1982, as well as an acceleration from the 7.0% year-over-year increase seen in December.
On a month-over-month basis, consumer price increased by 0.6%, matching December's rate.
Contributions to the headline jump in inflation were broad-based, reflecting widespread price pressures still reverberating across the recovering economy.

Energy prices remained a key contributor to the overall CPI and were up by 27% on a year-over-year basis in January. Within energy, fuel oil prices jumped 9.5% on a monthly basis, tracking the rise in crude oil prices, which rallied to a seven-year high at the beginning of the year. Electricity prices also jumped by a pronounced 4.2% on a month-over-month basis.
Gains in prices for food also contributed to the headline index, as dining at home and out each became more expensive. Food at home prices rose 1% during the month, while food away from home prices rose 0.7%.
But even excluding more volatile food and energy prices, the so-called core CPI rose by 6.0% in January over last year, also marking the biggest jump since 1982. The core CPI had risen by 5.5% in December.
Average 30–year mortgage rate trends
198216.04%

Get ready kids for a bumpy ride ahead.
 

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nsaspook

Joined Aug 27, 2009
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Reloadron

Joined Jan 15, 2015
7,893
Good cartoon, sadly likely true but good cartoon. While I don't drink Vodka my wife enjoys it and fortunately she likes SKY made from fine American grains. I am a bourbon or scotch person myself. Glad I no longer commute to and from work, I wonder when gasoline and diesel fuel will stop climbing? Heck, I wonder when inflation will stop climbing?

Ron
 

MrSalts

Joined Apr 2, 2020
2,767
Good cartoon, sadly likely true but good cartoon. While I don't drink Vodka my wife enjoys it and fortunately she likes SKY made from fine American grains. I am a bourbon or scotch person myself. Glad I no longer commute to and from work, I wonder when gasoline and diesel fuel will stop climbing? Heck, I wonder when inflation will stop climbing?

Ron
The city used to outsource cutting of the grass medians and parks. Then the two contractors used can't find employees so the city agreed to pay extra to cover higher wages. Then the city agree to pay extra to cover higher gas prices, now the contractors came back to say they still can't find applicants and asked if they were allowed to hire people with criminal records. The city is deciding which type of convictions are allowed and how long ago is ok. My feeling, if the Stste let them out of prison, they are good to work (but it's not my insurance policy or equipment or reputation at stake).

all that said because, I'm pretty sure the immigration doors will open soon for manual labor jobs - not just advanced degree jobs like it seems to be now.
 

Reloadron

Joined Jan 15, 2015
7,893
The city used to outsource cutting of the grass medians and parks. Then the two contractors used can't find employees so the city agreed to pay extra to cover higher wages. Then the city agree to pay extra to cover higher gas prices, now the contractors came back to say they still can't find applicants and asked if they were allowed to hire people with criminal records. The city is deciding which type of convictions are allowed and how long ago is ok. My feeling, if the Stste let them out of prison, they are good to work (but it's not my insurance policy or equipment or reputation at stake).

all that said because, I'm pretty sure the immigration doors will open soon for manual labor jobs - not just advanced degree jobs like it seems to be now.
Yep and so it goes. All I see around me is help wanted signs and businesses have reduced hours for want of workers. Very large amusement park not far from us on Lake Erie (Cedar Point) last summer was paying summer help, high school kids, twenty dollars an hour plus board. This resulted in all the surrounding small businesses who rely on the summer season on he lakeshore unable to get help since they could not afford it. Cedar Point just increased their ticket prices and food prices. No clue where it is all going but things are getting ugly.

Ron
 

djsfantasi

Joined Apr 11, 2010
9,237
Yep and so it goes. All I see around me is help wanted signs and businesses have reduced hours for want of workers. Very large amusement park not far from us on Lake Erie (Cedar Point) last summer was paying summer help, high school kids, twenty dollars an hour plus board. This resulted in all the surrounding small businesses who rely on the summer season on he lakeshore unable to get help since they could not afford it. Cedar Point just increased their ticket prices and food prices. No clue where it is all going but things are getting ugly.

Ron
Ugly? How so?

Things are getting to where they should be in the first place for a country that prides itself on its human rights status. We punish other countries for what some people here demand that we do to our own citizens.

Hypocrites!

Pay me a fair wage; but don’t pay anyone else a fair wage because it might make me unable to afford luxuries.
 
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