Remember back when Pete Buttplug was going to fix the container-ship logjam on the West Coast?
Well....
The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday. The bad news is that there were still 99 container ships offshore and the pre-COVID norm was in the single digits.
There’s still a long way to go to clear the backlog. But the current tally is now back to June levels and 35% off recent highs....
The West Coast backlog is near zero:
...There were eight container vessels in the queue off Los Angeles/Long Beach. On Thursday, there were only six, tying the record low hit three times previously in the past three weeks. Los Angeles/Long Beach used to be the epicenter of the container-ship traffic jam, with a peak of 109 vessels waiting on Jan. 9....
Is Buttplug a genius? Nope.
The Bai-Den Administration took the very simple step of starting a recession by inflating the cost of everything. So Americans stopped buying 'stuff' and orders were cancelled; therefore, there are almost zero ships sailing into US ports!
See?? It was easy.
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