Article

2022-10-07 Economy

TransPacific Shipping Drops 75% During Peak Season as Joe Biden energy inflation bites and consumer spending collapses

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Posted by NoMoreBS 2022-10-07 00:00|| || Front Page|| [2 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

#1 Looks like a soft peak shipping season - bad news for carriers, retailers and distributors. The only bright note is that since they are already short handed they shouldn’t have to scramble as hard for pickup workers in the next couple months.

Posted by Slenter Panda4300 2022-10-07 05:19|| 2022-10-07 05:19|| Front Page Top

Posted by Skidmark 2022-10-07 07:01|| 2022-10-07 07:01|| Front Page Top

#3 It also has to with the reality that everyone bought what they wanted during Covid. The purchases of Goods vs Services has reverted to the services side and the ratio will soon return to normal.

Posted by Croque Fliting8030 2022-10-07 07:11|| 2022-10-07 07:11|| Front Page Top

#4 Current events times 2 or 4 worse than 2008. 401 plans and retirements huge losses. Farmers quitting. No lard, not much hops and so on. Much worse things to come. Middle class is being wiped out. Bungling Biden will not fix a thing.

Posted by Dale 2022-10-07 07:51|| 2022-10-07 07:51|| Front Page Top

#5 Barges Grounded By "Near-Historic" Low Water Halt Mississippi River Traffic

Posted by Skidmark 2022-10-07 08:41|| 2022-10-07 08:41|| Front Page Top

#6 ...wasn't a problem in '93.

Posted by Procopius2k 2022-10-07 08:48|| 2022-10-07 08:48|| Front Page Top

#7 nothing like an incipient recession to alleviate supply chain problems

BLS data release today showed modest job growth but, once again, hourly wage increases failed to keep up with inflation (I think at least 12 months in a row like that)

Posted by Lord Garth 2022-10-07 11:49|| 2022-10-07 11:49|| Front Page Top

#8 Middle class is being wiped out. Bungling Biden will not fix a thing.

Are you daft? Wiping out the middle class is exactly what "Bungling Biden" and his crew of Obama retreads have in mind.

Posted by Deadeye Clunk7335 2022-10-07 12:04|| 2022-10-07 12:04|| Front Page Top

#9 'We solved the congestion at West Coast Ports.'

Posted by swksvolFF 2022-10-07 12:31|| 2022-10-07 12:31|| Front Page Top

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