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supply and demand

Why "cheap money" is worrying billionaire US investor Ray Dalio
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Why "cheap money" is worrying billionaire US investor Ray Dalio

Just days ago, the US national debt topped $30 trillion for the first time in history. Household debt jumped by $1 trillion last year, the most since 2007. For Ray Dalio, the billionaire head of the world’s largest hedge fund, rising debt across the board is a big problem because it's increasingly widening the gap between all the money out there and what it can buy.

How did we get to today's supply chain mess?
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How did we get to today's supply chain mess?

The supply chain mess is hitting all of us. Inflation is now the highest it's been in over 30 years. The costs of food, gas and housing are going through the roof. What's more, almost everything made outside of America is now in short supply — like semiconductors for our cars. Why is this happening?

The shipping container shortage that’s wreaking havoc on the global supply chain
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The shipping container shortage that’s wreaking havoc on the global supply chain

Spare a thought for the poor shipping container, responsible for most of the world's trade. It's had a rough year that started with the gargantuan Ever Given getting stuck in the Suez Canal. Now the Suez traffic jam has gone global.

How economist Larry Summers predicted US inflation
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How economist Larry Summers predicted US inflation

Back in February, Larry Summers was sounding the alarm bell about inflation when no one was talking about it. "It seemed obvious to me that we were gonna have massive demand, and we weren't gonna have such large supply." So why didn't anyone listen to him? Summers says that "cognitive biases" led many to ignore the inflation warning signs because they thought struggling families needed help, or believed that inflation was simply gone for good. Part of the reason prices are rising so much today, Summers says, is because the Biden administration made the political decision to do "too much stimulus," a big mistake in his view.