Loading ...I recently placed an order with a nationally known chain of low cost imported goods, associated with the name Walton , the family which accumulated enormous wealth after Henry K. and Zbignew B. scuttled US manufacturing jobs by making political deals in a large Asian country . ( Apologies for not naming names , but there is a reason ).
Overnight I received two emails from that corporation. One stating that my address could not be located ( it was not a problem in the past with that company ) and a second , saying my payment was being refunded … they were cancelling the order , because of the ‘address issue’).
The email when I placed the order indicated a delivery date of May 22 . That told me it was arriving from an International source – you can guess from which nation as well as I can .
I predict that there will be many empty shelves at the local stores of that and other chain stores very soon , with significant impact on the corporate share prices . We are already seeing volatility in stock market indices .
It will be blamed on Trump , and there will be economic pain , but building product in America once again will be worth it . It will take years !
A friend in Colombia owns a small metal manufacturing firm , and came to America to buy a used numerically controlled turret stamping/punching machine complete with dozens of interchangable dies . He paid pennies on the dollar for that huge machine. A very wise investment at this time will be the purchase of functional , usable heavy manufacturing equipment for use in rebuilding American infrastructure .