They may be talking about the EMPTY containers piled up, nobody wants to take empty ones back to china - no profitFrom the article:
"The International Longshore and Warehouse Union says their members will work a third shift, but only after the pileup of containers is fetched out of the port so there is space."
That's some pretty ****ed up logic right there. The reason a third shift is needed is to... wait for it... get the pileup of containers out of the port. In other words, we'll gladly come to work once there is no work for us to do.
There is a massive pileup of full containers at the port. They have been offloading from the ship to storage yards, where they sometimes sit for a few weeks before being pickup up (due to being buried in the storage yard and a trucker / chassis shortage).They may be talking about the EMPTY containers piled up, nobody wants to take empty ones back to china - no profit
me & a few friends used to spend ~5k for a container from chicago to west africa. we'd load them with cars and make a nice profit. this was in '19.Wife's uncle owns an import business. The shipping container is a real thing. For him, the price of shipping one jumped from ~$5k up to $65k this year alone. That's from China to Chicago
I'm having a hard time believing that everything was fine 36 months ago and now everything is totally screwed up.
Something just doesn't smell right. I know covid covid. covid but...
It all stinks like a man made crisis. On every levelCovid was not the problem. The successful fear mongering and resulting lockdowns/mandates are the problem..
Many many people seen this coming, it was beyond obvious to most of the business community.
Problem is that folks warning of this coming are mostly Trump voters and not to be listened to.
It all stinks like a man made crisis. On every level
Ripples turn into waves. We are going to witness the combination of covid shutdowns plus the green new deal resulting in shortages of goods/services/energy worldwide.I'm having a hard time believing that everything was fine 36 months ago and now everything is totally screwed up.
Something just doesn't smell right. I know covid covid. covid but...
This is a man made ( meaning political ) disaster....I'm having a hard time believing that everything was fine 36 months ago and now everything is totally screwed up.
Something just doesn't smell right. I know covid covid. covid but...
I'm just wondering what the period is on that curve... how many years equity are we burning through right now?The cure for high prices, is high prices.
Conversely, the cure for low prices is low prices.
All you can do is try to be ahead of the curve.
Well, I’m not the guy to ask.I'm just wondering what the period is on that curve... how many years equity are we burning through right now?