Global Economy Heading For ‘Mother of All’ Supply Chain Shocks

Ben Harnwell reports on a story at Zero Hedge that declares “Global Economy Heading for ‘Mother of All’ Supply Chain Shocks as China Locks Down Ports.”

“We’ve been talking about these things since the beginning of January one by one as the Chinese ports closed down, and we have been until now the lone voice talking about this. [We are] 21 days away from the Beijing Winter Olympics. The consequence of closing down all of these ports is that there is going to be a total blockage of exports from China to the West that we depend on to make the things that people buy.”