3 ms·

There’s a backlog of savings from limited service spending that is being worked through right now.

• adam_arthur 5y ago
  Do you disagree that aggregate personal income was massively enhanced through stimulus spending? The facts show this. You seem very intent on not considering that fact when it's the most obvious factor by a wide margin, with all of the data supporting it. Are you aware of the size of federal deficit spending in 2020/2021? The level of monetary policy easing leading to more credit availability to consumers? It's intellectually dishonest to attribute elevated retail sales solely, or even primarily to the substitution effect
  • ec109685 5y ago
    You can see here that the trend line for imports is consistent for the past 4 years: https://tradingeconomics.com/united-states/imports https://tradingeconomics.com/united-states/imports So you could say that it’s the deficit (e.g. the big tax cut from 4 years ago) that precipitated to this. My point is that “stimulus equals problems at the ports” is likely an overly simplistic answer.