Supply Chain Says No Christmas Presents or Trees This Year

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 9 October 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this edition of “The Breakdown Weekly Recap,” NLW looks at supply chain disruptions, including: Natural gas shortages across Europe and the U.K. that could impact electricity prices and even the global food supply Numerous dislocations that are increasing the price of Christmas trees and reducing the availability of presents Shipping port issues outside of Los Angeles NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Joe Raedle/Getty Images News, modified by CoinDesk.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:16.2	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
0:22.5	What's going on, guys? It is Saturday, October 9th, and that means it's time for the weekly recap.
0:29.2	Imagine it's the holidays this year, and you're eating too expensive turkey in a dark house next to a too expensive tree without half the presence under it. Sound far
0:41.2	fetched? Let's talk about how that might come to pass. As you guys know, each week with the
0:46.9	weekly recap, it's either something that is a true recap where there's lots of topics that I
0:51.6	hadn't got to over the week or I need to bring everything together, or it's just some topic that I think is really important, but I didn't have a chance
0:58.8	to hit. This week is definitely the latter, and so today we're talking about supply chain issues,
1:05.2	and what they might mean for the coming months. This week had a ton of chatter about these
1:10.6	issues, if you looked at more mainstream or
1:12.5	macro sources, and one of the biggest had to do with natural gas. The Wall Street Journal
1:18.0	writes, natural gas shortage sets off scramble ahead of winter, and this is an immensely
1:22.9	complex story that I'm going to do my best to give a true TLDR. Here's the shorthand. There is a natural gas
1:30.4	shortage across the Eurozone, but it is particularly acute in the United Kingdom. If this
1:38.0	shortage doesn't break, it's forecast to come to the U.S. during the winter. It's showing up first directly in natural gas prices. The price of gas in the U.K. went up to the U.S. during the winter. It's showing up first directly in natural gas prices.
1:46.8	The price of gas in the UK went up 40% in a day this week, which is just absolutely wild.
1:52.9	After showing up directly in natural gas prices, it shows up in the price of electricity,
1:57.4	and, by the way, the supply of electricity.
2:00.3	Liquefied natural gas is used during peak
2:02.6	electricity periods to supplement the electrical supply, and there are already some that are forecasting
2:07.7	brownouts and blackouts in the U.S. during the winter. But there are also more effects. If we continue
	...

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