The "good times" were supposed to be rolling by now, but instead the wheels are starting to come off, and the economic outlook for the rest of the year is not good at all.  Just yesterday, I warned my readers that things were about to get worse, and it only took exactly a single day for that to actually happen.  As you will see below, major factory shutdowns were just announced, and that is going to make shortages even worse.  Fear of COVID is restricting production all over the globe, and meanwhile national governments and central banks have been absolutely flooding their systems with fresh cash.  As a result, we now have way too much money chasing way too few goods and services, and anyone that has taken ECON 101 will tell you that will inevitably result in higher prices and shortages.