Friday is welcome again. Always good to see its shining face. Friday is like the doorman to the Plaza Hotel in New York City. With a wave of the hand and a hearty welcome to the weekend, Friday makes us feel good.
The FDA is meeting to decide the guiding principles on a booster shot for COVID. All the data suggests that there should be one and now approval for such a move needs to be made. There are still plenty of folks who have not had the first two shots so I wonder what the demand for boosters will do to the supply.
I saw a report yesterday that new car production is being halted due to the lack of silicon chips. Looks like the supply has been affected by COVID. Right now the Ford F150 pickup truck has 150,000 orders that cannot be filled. Hurricane Ida and Nicholas have also hampered the supply chain. The report went on to say the demand for nearly new used cars is up and it might be a good time to sell your used vehicle. Of course, only if you have something else to drive or a horse.
Inflation has raised its ugly head again. For the twelve-month period ending in August, it is 5.2% on the last report. This is compared to a projection of 2.25% made in 2020 and an actual in 2020 of 1.8%. There is some concern that the 3.5 Trillion spending bill will tip us into a hyperinflation situation. When supplies are short (cars, houses, Weber gas grills) there is a tendency for prices to rise if demand can’t be met. We need to watch the indexes. I certainly hope Congress keeps an eye on the data as well. All the social programs that are intended to be delivered won’t help if the population is driven to a position of not being able to afford to live.
This week’s JohnKu talks about trying to find good news in our world today. I hope you all have a wonderful weekend.
Good News by John W. Howell © 2021
Good news is out there,
You are forced to hunt it down . . .
It is quite bashful.