Quote:
Originally Posted by antzcrashing
It reduces output compared to everyone factoring in a step function Covid reopening in China. People going to get sick and need to sleep/recover. American companies in large part need China running full steam for supplies. Onshorting is a long term play and may only be impactful to some industries or companies.
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OK but that would be a miss vs. projections, which is different than a YoY decline in output.