[tymekpavel]

An interesting side effect here is that people are opting for domestic alternatives. We are in the process of remodeling our house and were going to get our windows from Italy and our heat pump system from Japan, but given the long lead times for container unloading (sometimes as much as 6 weeks on the west coast in addition to the 4 week voyage) we opted for American windows and a Carrier heat pump system (at higher cost).

[alert0]

That's pretty interesting. I wonder how an increase in domestic spending balances against all the printing we did during COVID. It decreases demand for foreign currencies (for foreign purchases) which would strengthen the dollar relatively. I guess it really depends on the magnitude of the trend on how much it will offset the increase in supply.