quote:People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture.
This year is different. After a record burst of sales in March, the showroom floor is almost empty of outdoor chairs, tables and chaises for people to buy.
The garden supply store in suburban Baltimore has been waiting six months for a shipping container from Vietnam full of $100,000 worth of wicker and aluminum furniture. Half of the container has already been sold by showing customers photographs. The container should have arrived in February, but it reached U.S. waters on June 3 and has just docked in Long Beach, California.
“Everyone is just so far behind,” said John Hessler, 62, the patio section manager. “I’ve never seen anything like it.”
The Biden economy faces the unusual challenge of possibly being too strong for its own good.
There is the paradox of the fastest growth in generations at more than 6% yet also persistent delays for anyone trying to buy furniture, autos and a wide mix of other goods. It’s almost the mirror opposite of the recovery from the Great Recession of 2007-2009, which was marred by slow growth but also the near-instant delivery of almost every imaginable product.
What ultimately matters is that demand stay strong enough for companies to catch up and shorten the long waits.
“This is a very good problem for the economy to have,” said Gus Faucher, chief economist for PNC Financial Services. “You’re much better off having too much demand than too little, because too little demand is the recipe for an extended recession.”
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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
quote:People used to go to Valley View Farms to buy five tomato plants and end up with $5,000 in patio furniture.
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My piano recordings at Box.Net: https://app.box.com/s/j4rgyhn72uvluemg1m6u
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Life is short. Play with your dog.
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If you think looting is bad wait until I tell you about civil forfeiture.
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My piano recordings at Box.Net: https://app.box.com/s/j4rgyhn72uvluemg1m6u
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“It's hard to win an argument with a smart person. It's damn near impossible to win an argument with a stupid person." -- Bill Murray
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If you think looting is bad wait until I tell you about civil forfeiture.
quote:Originally posted by jon-nyc:
Rachel did advertising for them many moons ago, specifically for their wedding/engagement jewelry.
One add showed Dr Ruth Westheimer in a wedding gown. They tried to get Former mayor Koch but he wouldn’t do it. Wear a bridal gown that is.
Seems like a different Fortunoff though - this one was a jewelry store with a 5th Avenue flagship
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Life is short. Play with your dog.
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"Wealth is like manure; spread it around and it makes everything grow; pile it up, and it stinks."
MillCityGrows.org
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Life is short. Play with your dog.
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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
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“It's hard to win an argument with a smart person. It's damn near impossible to win an argument with a stupid person." -- Bill Murray
quote:Originally posted by Steve Miller:
I just read where Ford has started receiving chips to put in the thousands of partially completed trucks they have been storing.
I expect to see the price of trucks - especially used trucks - drop substantially.
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"Your first 10,000 photographs are your worst." ~ Henri Cartier-Bresson