Page 18 - Supply Chain Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President bush. latest polling shows americans are concerned about inflation. many think it's here to stay. what does that tell us about the white house that is trying to handle this? >> they're tone deaf. if you went deeper, most americans think the principal cause of inflation, not the exclusive cause, is too much money chasing too few goods. part of that is a supply chain problem and the big part is the government is spending money left and right. as a result, we have on the demand side a bigger demand than normal and chasing too few goods. take the combination of the disruptions of covid a...

Stocks. gillian: now that we know inflation's not going anywhere this quarter, probably not even this year, you say there's a perfect storm of conditions that is actually causing it to stay up the way we're seeing. talk to us about that. >> yeah. we had a bad combination of things. we overstimulated the demand side of the economy with a lot of fiscal spending programs. the fed intervened and printed money like crazy and kept interest rates low. and then on the supply side of the equation, we have an ongoing lingering supply chain problem. but if you go to the real, real sort of root cause -- i...

Long beach doesn't have a protest but it has 150 ships backed up so the supply chain problem didn't start at the canadian border. if anything, it started at the california border. jon: fair points. with turn attention to russia and ukraine, president biden spoke with russian president vladimir putin for more than an hour today, are you reassured by the medication? >> i would be reassured if it was five minutes. an hour is time to talk and negotiate, documents is time to make it clear to putin we stand behind the ukrainian people so no, i'm not at all -- the only clarity we've had in this whole...

With prices. it's a political potency to inflation and prices. supply chain disruptions that just wash out everything else. what do you think? >> i'm sure that's a big part of the story. the polling is consistent. people are unhappy with the state of things. if you look at the growth over the past couple of years, the wages have been good but inflation has eaten away at that. to top two thirds of the economy. that's a lot of people. if you look over the course of the pandemic, not just the last year, it's about even overall, but still, people don't like inflation. it's been high over the last ...

Making some progress. we still have an overhang from the virus in china and the virus here in the states that has really limited supply, and we're hopefully just coming out of that. one of the great lessons we listened is, you know, a pandemic is a supply shock to the economy, not so much a demand shock. you're absolutely right. this is going to make things worse over time in the critical area that we need to get better in order to solve the supply chain problem and of course the inflation problem. >> and we need to solve both. gentlemen, thank you all so much. really important topic that matt...