The U.S. economy may be reviving faster than many businesses can keep up with. Suddenly consumers are facing scarcities for everything from lumber to copper, computer chips to rental cars. Job applicants are scarce, too, in some rebounding sectors like restaurants.
Americans can expect more such shortages and price increases, economists say, as eager-to-spend consumers contemplate a post-pandemic economy and as record government stimulus boosts demand. The silver lining is that, while challenging for now, most of these shortages are expected to be temporary.
Why We Wrote This
The economic trend of recent decades has been abundance for U.S. consumers, built on globalization and supply-chain automation. For now, the story is looking very different, as shortages emerge for key products.
Author Bio
Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.
His coverage reflects his passion for motorcycles, booze, and guns (though typically not all exercised at the same time), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor.
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God didn’t deliver for President Joe Biden, who recently begged “the Lord” to help him erase the congressionally approved immunity that gun-makers have from lawsuits.
In a little-noticed decision with a major impact on the firearms industry, a federal judge in Arizona has ruled in favor of pistol manufacturer Glock and dismissed a suit brought by the Brady Campaign to Prevent Gun Violence on behalf of a man who was accidentally shot and paralyzed.
U.S. District Court Judge Susan Brnovich upheld liability immunity granted in the Protection of Lawful Commerce in Arms Act passed in 2005 to block gun-makers from a potential wave of industry-killing lawsuits.
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