As I approach a “Milestone” birthday and my wonderful wife and I prepare to embark on a trip we’ve been planning for months, my body is betraying me. Couple that with the coronavirus-induced stock market meltdown and I am very low. What’s worse is that I have an overwhelming feeling that things will get worse, an overwhelming sense of impending doom.
“Life’s but a walking shadow, a poor player, that struts and frets his hour upon the stage, and then is heard no more; it is a tale told by an idiot, full of sound and fury, signifying nothing.”
– Shakespeare
I think the stock market fall because of the virus, is a wake up call, or should be, about how dependent the US has become on off shore manufacturing. There is not one product sold here that has NOT been affected by this. Vehicles to laundry soap have all become dependent on goods manufactured overseas and it’s now biting us in the backside. I have for many years made an effort to buy products that ARE made in the USA. After all, if my neighbor isn’t employed, he isn’t likely to be buying the goods or services that my company offers.
Will it change in the long run? Probably not. Most everyone is price conscious to a fault, and will only see this as a minor blip on the radar. Unless the virus becomes a full on pandemic. Then all bets are off and it will come down to “root hog, or die”.
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Nothing is all good or all bad and that includes global supply chains that are created to quench America’s thirst for cheap goods.
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