03-28-2024, 01:42 PM
... and it has begun...
I knew it was coming... and they couldn't even 'dream' of not doing it ...
Economists are predicting that Americans will feel a "pinch" in terms of their grocery bills, gas prices and other goods as local shipping and maritime traffic remain snarled Thursday following the collapse of the Francis Scott Key Bridge in Baltimore.
FreedomWorks Senior Economic Contributor Steve Moore told FOX Business on Thursday that the disaster is "clearly a blow to the supply chain problems that we already have under [President] Biden" and that "we could see prices rise because a huge percentage of the cargo on the East Coast that's shipped in is at Baltimore Harbor."
"People will feel a pinch in terms of their grocery bills, in their gas prices and things of that nature as a result of this bridge collapse," he said. "The longer it goes on, the longer it takes to rebuild it, the worse the impact will be."
from Fox Business: Baltimore bridge collapse: Economists predict inflation 'pinch' for American consumers
Because business can't possibly suffer losses it must be the end consumer who suffers for ANY such event.
I knew it was coming... and they couldn't even 'dream' of not doing it ...
Economists are predicting that Americans will feel a "pinch" in terms of their grocery bills, gas prices and other goods as local shipping and maritime traffic remain snarled Thursday following the collapse of the Francis Scott Key Bridge in Baltimore.
FreedomWorks Senior Economic Contributor Steve Moore told FOX Business on Thursday that the disaster is "clearly a blow to the supply chain problems that we already have under [President] Biden" and that "we could see prices rise because a huge percentage of the cargo on the East Coast that's shipped in is at Baltimore Harbor."
"People will feel a pinch in terms of their grocery bills, in their gas prices and things of that nature as a result of this bridge collapse," he said. "The longer it goes on, the longer it takes to rebuild it, the worse the impact will be."
from Fox Business: Baltimore bridge collapse: Economists predict inflation 'pinch' for American consumers
Because business can't possibly suffer losses it must be the end consumer who suffers for ANY such event.
