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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rdkflorida2 who wrote (13804)	5/20/2022 2:05:13 PM
From: Kirk ©	Read Replies (2) \| Respond to of 26807

Chip shortages are in certain items mostly single sourced from China. Even my two large chip equipment makers are seeing HUGE backlogs as they have huge installations ready to go but for a few final chips... I think LRCX, for example, has a backlog of 130% of what they shipped... The owner of two local windsurfing shops told me after I paid $75 for golf glove like booties that were $45 before the pandemic and I once got a pair on eBay for $25... that she's paying to air ship items from China to sell at full price in the shops and online as the container ships are in short supply too. I heard the volume was down at our ports... I think a lot of it is pandemic shutdowns in China... and our GDP is lower because ships are returning to China empty rather than motor up to Oakland to get full loads of almonds because the time lost is not worth the profits... so we waste gas on empty freighters because they get 4 to 8x more shipping from China to the US... than shipping from the US to China. So letting the free market take care of it isn't working it seems.