Thursday, October 06, 2022

Not Recession? Really??

Another little anecdote to add to the pile.

...A single transpacific container shipment cost $19,000 in 2021, then $14,500 in 2022 as the intentional slowdown began.  Now it’s only $3,900 as entire fleets of cargo shipments are cancelled due to lack of demand by U.S. purchasers....

Nike has inventory up the kazoo, FedEx is parking planes and cannot fathom its next quarter's biz....

Bidenomics!!  Make energy cost exorbitant, spend like there's no tomorrow.

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