Discover and read the best of Twitter Threads about #CobraEffect
Most recents (1)
File Under NOT Deflationary
Container Shipping Costs
2020: $2225
2019: $1570
2018: $1420
2017: $1180
*freight benchmark rate 40 ft box, Drewry World Index.
#CobraEffect
thebeartrapsreport.com/blog/2020/08/1…
Container Shipping Costs
2020: $2225
2019: $1570
2018: $1420
2017: $1180
*freight benchmark rate 40 ft box, Drewry World Index.
#CobraEffect
thebeartrapsreport.com/blog/2020/08/1…
The unintended consequences coming out of the multi-trillion dollar, fiscal - monetary policy cocktail are ripping around the planet. Coupled with pandemic side effects - shipping costs are telling us bond yields should be much higher.
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Opec and Russia agreed to an output cut of 9.7m barrels a day, 10% of global output. Add to that a 2m b/d drop in production from US oil explorers in the second quarter of this year and the conditions were in place for the supply overhang to evaporate.
via @confordpark
via @confordpark
