Side note, how is bringing back manufacturing really what American people want? Do you want to live next to a huge factory polluting air and creating unbearable noise? You think you children can or want to work as hard as Chinese folks doing repetitive tasks in stinky inhumane factories? At what rate? $2 per day? The reason it all got pushed outside of USA is exactly because the level of lifestyle Americans wanted and like. Now apparently we are being told by this Administration that "having cheap goods is not American dream."
God help us all!
"Put your hand up if you want more manufacturing in the USA."
"Ok thanks, hands down. Now put your hand up if you want to work in a factory".
The whole Pax Americana/Invisible Empire concept is dead now. Competitive great powers feel liberated from it and erstwhile allies are just never going to believe it again.
that's the key. "the subprime risk is contained", remember that? Anyone who claims they know what the economy is going to do 6 months from now should prove it with their stock portfolio.
In theory, real-time trading systems could reduce the impact of such disruptions. But in practice, global logistics still runs on Excel sheets, emailed quotes, phone calls, and months-long shipping cycles.