Submitted by Donerci-Beau t3_10px42e in wallstreetbets
ChippyChalmers t1_j6muq5w wrote
Reply to comment by PortfolioIsAshes in HolyMoly, Samsung missed earnings HARD, especially on Chips. by Donerci-Beau
Thanks for that. How the tables have turned! A lot of the inflation we've been seeing worldwide seems to have been from a supply shock, which is naturally resolving via demand destruction. At least, that's what smarter people than myself seem to conclude.
PortfolioIsAshes t1_j6mvfgb wrote
Yeah it was predicted by analysts from the start when people started overordering, but greed covered people's eyes as all they saw was golden opportunity to take advantage of supply and demand. Demand destruction will slowly take out the morons who took out loans to order excess supply, then the big corporates will start having problems selling too(eg. Samsung missing this hard). That's how we know we're on track for another global recession.
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