bimble
floofy
This doesn't strictly belong in this thread but it is pretty amazing - an insight into what is happening in the masks market in America, free market capitalism in a pandemic meaning that the US is exporting huge amounts of masks to the highest bidder whilst states can't compete because they cant show the ready cash.
'At one point he received an update that 43 million masks were available in New Jersey, in the same time-frame that federal and state leaders were saying in press conferences that they were “scouring the globe” for masks. But the masks in New Jersey, along with many million more, didn’t go to any domestic buyer. Instead, according to the broker, they were all purchased by foreign buyers.
“Most of the masks are leaving the country,” he told me.
That is not the case in countries that have cracked down on exports, he added, but as of now the U.S. is allowing many types of medical supplies to leave the country even as states and hospital systems are expressing desperate need for masks and other PPE.'
'At one point he received an update that 43 million masks were available in New Jersey, in the same time-frame that federal and state leaders were saying in press conferences that they were “scouring the globe” for masks. But the masks in New Jersey, along with many million more, didn’t go to any domestic buyer. Instead, according to the broker, they were all purchased by foreign buyers.
“Most of the masks are leaving the country,” he told me.
That is not the case in countries that have cracked down on exports, he added, but as of now the U.S. is allowing many types of medical supplies to leave the country even as states and hospital systems are expressing desperate need for masks and other PPE.'
I Spent A Day In The Coronavirus-Driven Feeding Frenzy Of N95 Mask Sellers And Buyers And This Is What I Learned
For a day I watched the psychology of market pressures play out in an ultra-fast game of finding and selling masks in a pandemic-driven market. My assumptions going in changed after getting an embedded view of what's really going on.
www.forbes.com