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Thread: Shipping container Inflation! (700%)

  1. #161
    Quote Originally Posted by GJM View Post
    https://www.wsj.com/articles/biggest...ys-11633858380

    Snippet:
    They are chartering their own cargo ships to import goods.
    And this will exacerbate the problem for the rest of us. But if Walmart has their own fleet of trucks why wouldn't they buy a ship or two?
    Also in their case they could send company drivers to wait in line at the port. As I may have mentioned, we have started bringing in though NY because it eliminates the rail component on the way to Ohio. It takes longer on the ship, but then it goes on a truck and comes straight to us. It is also more predictable.



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  2. #162
    Quote Originally Posted by mmc45414 View Post
    And this will exacerbate the problem for the rest of us. But if Walmart has their own fleet of trucks why wouldn't they buy a ship or two?
    Also in their case they could send company drivers to wait in line at the port. As I may have mentioned, we have started bringing in though NY because it eliminates the rail component on the way to Ohio. It takes longer on the ship, but then it goes on a truck and comes straight to us. It is also more predictable.



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    Of course the Fed Reserve assures us there is no inflation, or if there is, it is only transitory.
    Likes pretty much everything in every caliber.

  3. #163
    banana republican blues's Avatar
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    Quote Originally Posted by GJM View Post
    Of course the Fed Reserve assures us there is no inflation, or if there is, it is only transitory.
    There's not even a pretense of the truth. Out and out lies are completely acceptable.

    Just keep distracting the public with more b.s. and they won't focus on anything for more than a few minutes...and will then move on to the next thing.
    There's nothing civil about this war.

    Read: Harrison Bergeron

  4. #164
    Quote Originally Posted by GJM View Post
    Of course the Fed Reserve assures us there is no inflation, or if there is, it is only transitory.
    Oh yeah, we already own it while it is on the ship that takes twice as long and costs damn near three times as much. But hey, we don't have to pay the 25% tariff until it gets to New York, so we got that going for us...

  5. #165
    Quote Originally Posted by blues View Post
    There's not even a pretense of the truth. Out and out lies are completely acceptable.

    Just keep distracting the public with more b.s. and they won't focus on anything for more than a few minutes...and will then move on to the next thing.
    You don't have to tell the truth when the media will happily parrot your lies.

  6. #166
    This will not calm down at all till after Christmas (at least). Likely get worse till then.

  7. #167
    banana republican blues's Avatar
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    Quote Originally Posted by fly out View Post
    You don't have to tell the truth when the media will happily parrot your lies.
    I hope the administration will at least be sending us all festive Hunter Biden designed greeting cards during the holidays.

    Looking forward to starting an annual tradition.
    There's nothing civil about this war.

    Read: Harrison Bergeron

  8. #168
    Quote Originally Posted by GJM View Post
    https://www.wsj.com/articles/biggest...ys-11633858380

    Snippet:

    Global supply-chain delays are so severe that some of the biggest U.S. retailers have resorted to an extreme—and expensive—tactic to try to stock shelves this holiday season: They are chartering their own cargo ships to import goods.
    The answers are probably behind the paywall, but how would it happen that a privately chartered ship arrives in port and immediately advances to the front of the line? Secondly, how is it that chartering one's own ship would be more expensive, when unused cargo space could be sold on the market to eager buyers, especially if the ship is unloaded before those that have been waiting in line?

  9. #169
    THE THIRST MUTILATOR Nephrology's Avatar
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    Quote Originally Posted by GJM View Post
    Of course the Fed Reserve assures us there is no inflation, or if there is, it is only transitory.
    It seems like they are growing increasingly hawkish, but they are in a tough spot as likely we will see a significant economic contraction if/when FOMC rate goes up. IIRC they are already rolling back QE but seems like the FOMC rate will be what is actually needed to curb inflation in any meaningful sense of the word.

  10. #170
    Quote Originally Posted by GJM View Post
    Of course the Fed Reserve assures us there is no inflation, or if there is, it is only transitory.
    Really?

    The last published monetary policy report says:
    ———-

    Inflation. Consumer price inflation, as measured by the 12-month change in the PCE price index, moved up from 1.2 percent at the end of last year to 3.9 percent in May. The 12-month measure of inflation that excludes food and energy items (so-called core inflation) was 3.4 percent in May, up from 1.4 percent at the end of last year. Some of the strength in recent 12-month inflation readings reflects the comparison of current prices with prices that sank at the onset of the pandemic as households curtailed spending—a transitory result of "base effects." More lasting but likely still temporary upward pressure on inflation has come from prices for goods experiencing supply chain bottlenecks, such as motor vehicles and appliances. In addition, prices for some services, such as airfares and lodging, have moved up sharply in recent months toward more normal levels as demand has recovered. Both survey-based and market-based measures of longer-term inflation expectations have risen since the end of last year, largely reversing the downward drift in those measures in recent years, and are in a range that is broadly consistent with the FOMC's longer-run inflation objective.

    https://www.federalreserve.gov/monet...pr-summary.htm

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