One rule of the markets that seems to be reinforced over the years is the reversion to the mean.
These people never say what should have been done instead.
We heard the same dire story in 2008. The only thing that happened was a recovery.
United States Money Supply M1
INFLATION CITY
I’m in rural Florida and I’m starting to see the stations around me put bags over their pump handles. I was unloading my 15 gas cans and four diesel cans and the woman came out to tell me they only had “marine” gas. (That’s gas with no alcohol.) I said that’s what I needed and filled up $110 worth. (I keep 20 gallons on hand for my generator and used all of it plus some after Hurricane Michael.) I got diesel at a different station.
Virtually all of the present crises are government caused. Shutting down the ports as they did started a cascade in the supply lines. Killing small businesses hurt everybody. The small rural stations are usually gassed up by independents. I’m wondering how much of the problem is the number of small business owner/drivers who were put out of business.
If the government was trying to kill the American economy on purpose, what would they be doing differently from what they’re already doing?