Taps Coogan – August 7th, 2022
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The following chart, from Charles Schawb’s Liz Ann Sonders, shows the year-over-year rate of change in benchmark Shanghai to LA container shipping costs.
The chart pretty much speaks for itself. One of the major drivers of our endless supply chain bottlenecks, the shortage of East-West container shipping relative to demand, has essentially resolved itself.
Along with dropping commodity prices, slowing economic activity, and falling rates, it seems likely that the year-over-year peak in inflation is in the books.
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