So in the Obama era there was panic buying. Now we have panic buying and added on to that is widespread unavailability of the necessary raw materials both domestically and imports, as well as the reduction of importation of finished goods through a ban on Russian ammo. Sounds like a kind of significant difference to me.
It's sort of like the difference between maxing the credit card and maxing the credit card the day you get fired.
There are a lot of raw materials stuck out there on boats with those luxury goods you were talking about earlier, aren't there?
Did I ever say that this time isn't different? No, I didn't. Not sure where you came up that concept.
What I did say is supplies of ammo and components contracted dramatically, and prices rose dramatically, during the Obama administration.
Just as they've done during Covid.
Not sure how that's unclear.
But the big difference this time is that ammo and component supplies are returning far more quickly than they did during the Obama years.
Part of that could simply be that the mouth breathing panic monkeys who overdosed on ammo still haven't burned through it all and didn't re-enter the buying frenzy, and that helped counter balance all of the new gun purchasers who came out of the wood work. Speculation on my part, though.
"There are a lot of raw materials stuck out there on boats with those luxury goods you were talking about earlier, aren't there?"
Probably there are some, but I suspect that the shipping situation of raw materials vs finished goods is SIGNIFICANTLY different.
Raw materials are generally shipped in bulk. Open hold, pour in stuff, close hold. Once off loaded at a port, most of that material is shipped via rail. It's not being pressured by California's new trucking rules and the general lack of truck drivers.
The ships we keep hearing about that are backed up outside of major ports? Most of those are Conex container ships. They ship finished goods, not raw materials. This video shows that fairly well. The video does show a couple of bulk goods ships -- one appears to be a grain carrier, another one an oiler.
https://www.cnn.com/videos/business/2021/10/06/shipping-backup-supply-line-california-ports-lah-newday-vpx.cnn