I mean, yes, but they are also right. They benefit from the market conditions, and contribute to the price increase, but it’s pretty clear there won’t be that much available shovels for a very long time
Of course, because there was a HOA that became financially so big (on paper), that it secured 80% of the shovel supply for the next two years. Now everyone is fighting over the remaining 20%.
I mean they already ate all the shovel supply for this year, so unless the bubble pops now, the shovel supply for next year will be used by that HOA.
Especially when the equipment the shovel seller uses to produce shovels has been retooled to produce backhoes instead because of a digging bubble.
Shouldn't this be affected by the diggers from the Far Lands recently telling everyone how to angle the backhoe blade to dig 470x as much earth in one swing?
It would be severely affected if Jevon's paradox weren't terrorizing the globe right now.