I've heard the same thing from others, and they also believe the goods are being held in warehouses. They say the containers are leaving the port at a good clip as well, but containers aren't returning at the same rate. No way to verify this information, but a little thought experiment. Why would this be?
One idea. If you are Walmart, and you know there is about to be massive inflation, would you want to sell for currency today that is rapidly going to lose value, or would you instead hold tangible goods that you could sell for more next month? And since you lack warehouse storage for that much, you might just stack the full containers somewhere, rather than sending them back. Oh, and you'd probably also pre-order a lot from your Chinese suppliers, trying to buy as much as you can right now at the cheapest possible prices.
Seems to me if I knew the economic reset was about to happen, I might consider hoarding stuff and not stocking the retail stores right now as well. Most of these big chains get 90 days credit with their vendors. Fiat currency might not be worth much in 90 days, but containers full of goods will be.
The only difference between us and the big chain stores in this regard is that they are doing it on an industrial scale and preventing us from being able to do it ourselves. Toilet paper anyone? I bet Walmart has container loads of the stuff somewhere ready to hit the market when inflation has pushed the price high enough.
So if you have a chance, ask your dad if he has any insight as to possible delays on getting containers cleared and out of the port. Or any obvious shortage of trucks? Truck chassis? Are the containers clogging up the port, or are they being hauled away as quickly as they are unloaded? Are empty containers being returned at the same rate they are leaving?
I've heard the same thing from others, and they also believe the goods are being held in warehouses. They say the containers are leaving the port at a good clip as well, but containers aren't returning at the same rate. No way to verify this information, but a little thought experiment. Why would this be?
One idea. If you are Walmart, and you know there is about to be massive inflation, would you want to sell for currency today that is rapidly going to lose value, or would you instead hold tangible goods that you could sell for more next month? And since you lack warehouse storage for that much, you might just stack the full containers somewhere, rather than sending them back. Oh, and you'd probably also pre-order a lot from your Chinese suppliers, trying to buy as much as you can right now at the cheapest possible prices.
Seems to me if I knew the economic reset was about to happen, I might consider hoarding stuff and not stocking the retail stores right now as well. Most of these big chains get 90 days credit with their vendors. Fiat currency might not be worth much in 90 days, but containers full of goods will be.
The only difference between us and the big chain stores in this regard is that they are doing it on an industrial scale and preventing us from being able to do it ourselves. Toilet paper anyone? I bet Walmart has container loads of the stuff somewhere ready to hit the market when inflation has pushed the price high enough.
So if you have a chance, ask your dad if he has any insight as to possible delays on getting containers cleared and out of the port. Or any obvious shortage of trucks? Truck chassis? Are the containers clogging up the port, or are they being hauled away as quickly as they are unloaded? Are empty containers being returned at the same rate they are leaving?