Oddbean new post about | logout
 Yeah, I'm big on "think global, buy local", because we need sustainable, healthy economies, not brittle, overstretched supply chains.

Local businesses are currently getting crushed, by Chinese deflation-exportation. Brutal. I suspect, at this point, that they're selling goods under cost.
Also, blame Biden for making oil so cheap ($70/barrel!), by emptying the strategic oil reserves and leaning on Saudi Arabia and Israel. That cuts the cost of international logistics.