Article

2021-11-14 Economy

Ships at California ports are now waiting RECORD 17 days to unload: Supply crisis gets worse after Biden vowed to fix it

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Skidmark 2021-11-14 06:56|| || Front Page|| [3 views ] Top

#1 Inflation's even worse than the officially-calculated figures indicate -- fu-king liars.

They're way underestimating the sharp increase in the cost of housing for renters and new homebuyers ("shelter inflation").

Here's ex-Wall Street economist David P. Goldman aka 'Spengler' in AsiaTimes yesterday:

"The US Consumer Inflation Report for October was horrible, showing a 12% annualized rate of price change. But it’s even worse than it looks. The shelter component of the index lags the more reliable private gauges of rent inflation. That means worse is to come.

"Three US companies publish national rent indexes – CoreLogic, Zillow and Apartmentlist.com – and their readings of year-on-year rent inflation range from 9% to 16%. But the US Bureau of Labor Statistics reports a year-on-year rise in the rents of just 3.4%. Shelter represents a third of household expenditures according to the Consumer Price Index...."

Posted by Merrick Ferret 2021-11-14 11:53|| 2021-11-14 11:53|| Front Page Top

#2 Good. Should give everyone enough time to log onto Amazon and watch Mayor Pete.

Posted by swksvolFF 2021-11-14 14:00|| 2021-11-14 14:00|| Front Page Top

#3 Fix it again, Joe!

Posted by Bubba Lover of the Faeries8843 2021-11-14 16:55|| 2021-11-14 16:55|| Front Page Top

#4 Inflation's even worse than the officially-calculated figures indicate

The CPI calculator is manipulated. Read that if the old CPI calculator is used, inflation would be 14%.

Posted by Grains Thoth4833 2021-11-14 20:44|| 2021-11-14 20:44|| Front Page Top

#5 ^ Yes. Add in the extra bump for the increase in rents and it's more like 14% + 3% = 17%.

We're back to the late 1970s now.

Seventeen percent annual inflation.

= short the USSA
... and go long all the commodities-producing states that aren't crucially dependent on China i.e. Saudi, Russia, South Africa

Posted by Merrick Ferret 2021-11-14 22:34|| 2021-11-14 22:34|| Front Page Top

23:57 Xir Limerick Spade5830
23:48 Xir Limerick Spade5830
23:38 Sheba Ebbineter5343
23:36 Skidmark
23:32 Skidmark
23:20 Xir Limerick Spade5830
23:15 Xir Limerick Spade5830
23:05 trailing wife
23:03 Sheba Ebbineter5343
22:37 Merrick Ferret
22:34 Merrick Ferret
22:29 Xir Limerick Spade5830
22:23 CrazyFool
22:14 rjschwarz
21:30 KBK
21:13 trailing wife
21:04 trailing wife
20:52 Sheba Ebbineter5343
20:52 Rob Crawford
20:44 Grains Thoth4833
20:17 Frank G
19:47 Rob Crawford
19:46 Merrick Ferret
19:33 CrazyFool