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…
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.
(2)
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
End of July, US onshore and offshore production had yet to rebound from two-year lows. The number of drilling rigs used has fallen to a four-year low. The army of workers in US oilfield services has fallen back to 2010 levels, all suggests supply will not snap back swiftly - FT
2021 US Economy
Inflation, Deflation, Stagflation?
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