Transpacific Shipping Drops 75% During Peak Season as Joe Biden Energy Inflation Bites and Consumer Spending Collapses – IOTW Report

Transpacific Shipping Drops 75% During Peak Season as Joe Biden Energy Inflation Bites and Consumer Spending Collapses

CTH: The economic data coming in the past week is in alignment with prior forecasts.  Bottom line, energy driven inflation has collapsed consumer spending, inventories climbing, vendors are cancelling orders, and this is peak season for transpacific shipping- which has now recorded the most rapid drop in history.

A single transpacific container shipment cost $19,000 in 2021, then $14,500 in 2022 as the intentional slowdown began.  Now it’s only $3,900 as entire fleets of cargo shipments are cancelled due to lack of demand by U.S. purchasers.

Folks, get ready…. because it’s not going to get better.  Prior farm costs, an outcome of energy price increases, are now reaching the supply chain. Food costs will continue increasing throughout the holiday season. more


13 Comments on Transpacific Shipping Drops 75% During Peak Season as Joe Biden Energy Inflation Bites and Consumer Spending Collapses

  1. Linear friction reducing elements, ball and roller bearing to you and I, are unattainable right now. This has national security implications. What a shit show.

    4
  2. Herrow Jo.
    Dis iz Xi Here.
    How come you not take mowr Chineze prawducts no mowr.

    We pay you too much money and now you no buy stuf.

    You stop try to fucky fucky little girl and fix ecconomy or we put picture of dishonoable son on intranet with ladyboi dicky in hiz mouth.

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  3. There will probably me much less Christmas merchandise this year but people have less money to buy the stuff so it may be a push.

    1
  4. I don’t think I can accurately convey my feelings towards anyone who voted for the potato. When the bell sounds, I’ll be happily doing my duty.

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