It’s going to be interesting to see if all the sports gear is still available when it’s summer baseball, T-ball, and summer camp - and time to purchase all those things you always assumed we were always available to purchase.
Getouttahere! China doesn’t produce any of that stuff!
Somebody on Bloomberg a couple days ago made the great point that for many manufacturers the ridiculous creation of American Christmas, where everyone has to give gifts they can’t afford and don’t need to give, is an American institution that produces compressed time period sales that sustains a business throughout the rest of the year. For many businesses, a severe reduction in Christmas sales means chapter 13 bankruptcy the following year.
By then we might really be in the scenario where we cannot get the G.I. Joe with the kung fu grip because of reduced availability and increased cost. We will see. As they say, the market is not the economy and the economy is not the market. Until it is..