Saturday, January 9, 2021

Holy-Cow Spikes in China-US Container Freight Rates & US Consumer Spending on Goods Trigger Mad, Possibly Illegal Scramble for Empties. US Farmers Twist in the Wind

 The freight rates from Asia to the US West Coast and East Coast, and to Europe, have exploded since the stimulus economy kicked in, where consumers shifted spending from services – such as airline tickets, haircuts, and even rents under the eviction bans – to goods, powered by money from the stimulus and from refinancing their mortgages at lower rates.

https://wolfstreet.com/2020/12/20/breath-taking-spike-in-china-us-container-freight-rates-triggers-mad-possibly-illegal-scramble-for-empties-us-farmers-twist-in-the-wind/

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