Trust is the thing that keeps the entire global economy going. Sure, it is attenuated at many points and has to be back-stopped at others, but all division of l

Trust is the thing that keeps the entire global economy going. Sure, it is attenuated at many points and has to be back-stopped at others, but all division of labor is expression of trust in the work and promises of others. Now, the whole world is trying to get TSMC to invest in other locales in advance of Chinese invasion of Taiwan at the same time that NATO is funneling arms and personnel to Ukraine ahead of Russian invasion. Work isn't getting done on expected timelines because of unprecedented disruption caused by responses to covid. Meanwhile, down at the bottom of the pile, when airlines cancel my flights for unprecedented problems, I wait 3 hours on hold because they don't have enough people working support. All this to say that, yes, the bullwhip is going to be horrible, but so is not being able to perform your function in the economy because your required inputs are unobtainable. There's no graceful path for a system with so much volatility. Hopefully we can all stomach the creative destruction.