The Supply Chain Ain't What it Used to Be - Aaron Clarey #5262

Summary: The supply chain is not what it used to be—resources and labor are in high demand and we are seeing lots of negative effects as a result. Aaron Clarey comes on the podcast today to talk about some of these effects—especially within the housing industry—and what the future may look like as a result. Highlights: -The supply chain is like a plastic band about to snap -Clarey recently built a house and purchased furniture/materials for it well in advance, acknowledging some of the issues in the supply chain -People’s houses recently have not been getting done, which requires banks to reset interest rates (which are going up) which creates even more of a rush to get things delivered -The American dining experience is over—we see long lines, poor service, and lower quality -Standards of living go down as quality of work declines—you need to learn to do things yourself -It’s a smart idea to buy things now because of the projection of inflation -Prices of basic staples (i.e. gasoline) are up astronomically Useful Links: Financial Survival Network Captain Capitalism