Page 16 - Buying Stuff News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They're spending less money on services like concerts, using money for things like that. you're buying stuff, a lot of stuff. that's one of the reasons why the global supply chain is a total mess. how long do consumers feel this? >> again, a little bit unclear, but you are exactly right that the problems are both on the supply side, rather, that there are problems basically throughout the supply chain, getting power to factories, parts to factories, getting stuff transported around the world, to storehouses. we are demanding more stuff because it is still unsafe or relatively unsafe to consume...

Everything from diapers to dishwashers and even while they sit here, somebody's paying for it, likely you. the cost of labor keeps going up. speak of the manufacturers we work with can't find workers, they have doubled their wages, even triple their wages, added signing bonuses, they can't find enough people to produce the goods or drive the trucks. >> l.a. sport directors says it's not easy getting all the same players on the same page. >> we've been averaging more than 900,000 container units for the past 14 consecutive months. the duration of this cargo run is quite remarkable. >> the great...

Is as backed up as the west coast is. we in fact took a tour of the port of oakland where i am standing and back in april to see how they were sort of considering the future. and let me just try to put it in perspective for you. i want you to listen to the executive director at the port of oakland who at that timewise staring down the barrel of what he knew was an incredible crush coming his way. have a listen. >> we are busier than ever, and the pandemic has changed peoples habits in terms of buying stuff. repairing their home, getting more furnishing, appliances, so all of that stuff is comi...

Of course the pandemic has just complicated all of that. the pandemic itself has just really made things a jumbled mess. i'll also throw into the mix demand. we've all been stuck at home more or less, and we've been buying stuff, all kinds of stuff, everything from appliances, computer equipment, furniture, clothing, toys, you name it, we've been buying it. the demand is as strong as it's been by order of magnitude. you got all this stuff coming through the pipe and the pipe is being disrupted by the pandemic, and that results in this jumbled mess. then it's an intricate set of relationships, ...

To peel high prices not only when they are buying steak and hoarding toilet paper but also when they are trying to provide -- >> harris: we cannot go back to hoarding toilet paper. >> emily: when people feel the supply being threatened, they panic. if people see empty shelves in stores so they start buying stuff but the bill will come after christmas. inflation will hit even higher and then the bill for all this multitrillion dollar spending, that's going to hit and when that lag hits we are going to be in a compounded recession. i hate to say it, but mark my words. >> harris: you often write ...