‘Should’ve Known Better’: Companies Still Have An Inventory Problem

Everything is obvious in hindsight, so we should perhaps hesitate before we insist that policymakers and corporate executives "should've known better." When we look back on 2021's economy, we see stimulus-driven demand colliding with lingering supply chain constraints to create a "too much money" chasing "too few" goods and services conjuncture. After the fact, it's all too easy to chastise politicians, monetary policy and the C-suite. In the latter's case, the mistake was extrapolating pandem