<I don't see that the the shortage are that severe for IT to happen in the next 3 months.>
First for anybody who doesn't know Claude, he is one of the primo guys on the precious metals markets, has a news letter called Ormetal, and is one of my old comrades from the liftoff days back in 1999-2001. BTW, I owe some of my pocketbook to some of Claude's picks.
I'm going to engage you on this question, as I feel it will emerge rapidly, so I'll be back later when we can develop this. I'd ask you to contribute your knowledge? And you better have your evidence and data ready.
For here and now, I just witnessed a key seminal event: bottleneck and inflationary pressure was just mentioned on CNBC by Diane Swozk of Bankamerica. She suggested that raw material and inventory shortages among manufacturers are DELAYING hiring. They just can't get material to fire up the lines. She also said that price increases are definitely being pushed through and will show up in the CPI. Leisman was clueless, mumbled something about "productivity" (Swozk said, "no, nothing to do with that"), but Mark Haynes is fairly alert, and exclaimed, "this is the first I've heard of this term?". Swozk said, "you need to talk with the industrial CEOs, it's a problem." |
