At this moment, the U.S. economy is experiencing more shortages than it did at any point during 2020. I know that statement sounds quite outlandish, but it is true. During the early stages of the pandemic, there were temporary shortages of toilet paper, hand sanitizer and other items, but now there are severe shortages throughout many sectors of the economy, and quite a few of those shortages will not be so temporary.
On Thursday, Business Insider published a list of some of the most serious shortages that we are going through at the moment…
-Used cars and rental cars
-Plastics and palm oil
-Truckers and rideshare drivers
-Homes and vacation houses
-Household products like toilet paper and tampons
-Bacon and hot dogs
-Imported foods like cheese, coffee, and olive oil
That is quite a list!