Hormuz crisis side effect: a sharp rise in container shipping rates
lloydslist.com29 points by mooreds an hour ago
29 points by mooreds an hour ago
Man, the older I get, the more I think that second and third and fourth order effects are way more important than first order effects.
Externalities always felt glossed over in economics. So yes this business will ruin the river for everyone but please direct your attention to this chart and look at all that producer surplus!
Complex systems are dominated by feedback curves, but people insist on analyzing them by the forward transmission curves.
The separation between the cause and the effects are way less important than their polarity. High-order effects tend to be smaller, but they are also way more numerous, so things can cancel out or end-up resolved on either way.
and therefor you will not be surprised to find out that there has been a very recent dramatic decline in the asking price for empty containers in areas that are primarily devoted to imports, as the empty can is not worth the cost to ship it back.
We should standardize some "dual-container" format that can be formed out of disassembled containers.
In this case it's because of the time it takes to load the empties because its more profitable to use the time sailing. Some ports have rules now forcing them to take back empties so the yards don't fill up.
which then leads to negative values for the cans, and makes it profitable for some trucking outfits to run "tiltload" container trucks, that can autonomously off load an empty can ,somewhere convienient or other wierdness where filling a can with an otherwise unprofitable comodity ,like hay, then drives a whole industry driven by water cost and the return value of cans, or scrap metal, and who knows what else, "half cut" cars, etc.
Anyone tried to buy paint recently?
$611 for 2x 5 gallon buckets just to do my garage.
God bless the Trump administration. Sounds like that’s a bunch of my summer task list checked off as No Longer Viable.
I think you should pay social and health insurance on top of that for workers you employ (do not deny that!). And apply for some permissions, and pay taxes. But dont worry, it will be still under $10k.
Tired of winning, can't take it anymore.
Trump flip-flops numerous times per day. I am beginning to think that "The Art of the Deal" was also always fake - he is unable to make a deal. Everyone sees this now.
Can't someone take all possessions of Trump, Hegseth etc... and redistribute this to middle and lower class folks? I fail to see why I have to pay for increasing prices due to the actions of those guys. This is literally a racketeering scheme for milking us via increase of prices. A few get very rich, just as Smedley Butler pointed out many decades ago - even he would be shocked at the level of milking going on here.
Have you said "Thank You!" even once yet?