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kleinbl00  ·  927 days ago  ·  link  ·    ·  parent  ·  post: America Is Running Out of Everything

Yeah I was annoyed because I took out some ETH at $1300 to buy my mill, and then had to wait six weeks and spend $2000 to get it here. By the time it showed up ETH was at $3300. Of course, by the time the mill got here the wait time had gone up to 3 months and the quote to ship it had broached $10k. I guess it's closer to $30k now. Derek Thompson's "I read this thing in the New York Times" reporting doesn't really touch on the fact that "reserving a container" is a tiny, tiny part of logistics.

What's funny is I've been buying stuff like a madman from China this year. All of it comes by air and gets here in a timely fashion. It's not the logistics that are snarled, it's the cheap logistics that are snarled. The price differential between "put 500lbs worth of heavy machinery on a boat" and "put 500lbs of heavy machinery on a plane" was about 2x back in March. I haven't tried to put anything that big on a plane since, but I've got maybe 40lbs worth of machine parts in the closet that were all shipped DHL for free since then.

i think that's part of the problem - this isn't really fucking up commerce. It's fucking up manufacturing. It's fucking up agriculture. It's fucking up production.