That’s the subject of my latest Bloomberg column. Right here is one bit:
Most basically, some key nerve facilities of the world economic system have been hit by a mixture of Covid and dangerous luck, particularly within the latter a part of this yr. Transportation, vitality and high-quality semiconductor chips all are experiencing huge issues on the identical time, for causes that are distinct but broadly associated.
This mixture has fueled value inflation. The demand is hitting the market, and the provision can’t catch up. And it’s not only one downside that has a straightforward, direct repair, however slightly a collection of interlocking paths of financial chaos and delay.
Don’t count on all your Christmas purchasing to run easily!