Forwarded from Azazel News (Pirate Ballz NotADude)
Flexport’s Ryan Petersen Says a ‘Great Recession’ Is Here For Ocean Shipping
https://www.bloomberg.com/news/articles/2023-01-05/transcript-flexport-s-ryan-petersen-says-a-great-recession-is-here-for-ocean-shipping
Flexport founder and co-CEO Ryan Petersen warned a global shipping downturn is underway. He said the container shipping industry is in "recession" as a glut in capacity plagues major shipping lines. This comes right after Baltic Exchange's dry bulk sea freight index crashed on Tuesday, an ominous sign the global economy could be headed for turmoil.
Petersen told Bloomberg's Odd Lots podcast on Wednesday about the boom and bust of the container shipping industry. After a record-breaking boom for ocean carriers during the virus pandemic, a glut in capacity and slowing demand for freight has caused what Petersen said is a "great recession" for shipping.
This is the result of the "shortage of everything" bullwhip effect. Demand for goods soared during the pandemic as government stimulus checks unleashed massive consumer demand for overseas products from Asia. Carriers expanded lines to meet new demand. Companies only found out last summer (explained here) they over-ordered as consumer demand dropped, only to be left holding an abundance of inventory. That sparked the terminal phase of the bullwhip effect that led companies to reduce shipments of overseas products.
https://www.bloomberg.com/news/articles/2023-01-05/transcript-flexport-s-ryan-petersen-says-a-great-recession-is-here-for-ocean-shipping
Flexport founder and co-CEO Ryan Petersen warned a global shipping downturn is underway. He said the container shipping industry is in "recession" as a glut in capacity plagues major shipping lines. This comes right after Baltic Exchange's dry bulk sea freight index crashed on Tuesday, an ominous sign the global economy could be headed for turmoil.
Petersen told Bloomberg's Odd Lots podcast on Wednesday about the boom and bust of the container shipping industry. After a record-breaking boom for ocean carriers during the virus pandemic, a glut in capacity and slowing demand for freight has caused what Petersen said is a "great recession" for shipping.
This is the result of the "shortage of everything" bullwhip effect. Demand for goods soared during the pandemic as government stimulus checks unleashed massive consumer demand for overseas products from Asia. Carriers expanded lines to meet new demand. Companies only found out last summer (explained here) they over-ordered as consumer demand dropped, only to be left holding an abundance of inventory. That sparked the terminal phase of the bullwhip effect that led companies to reduce shipments of overseas products.
Bloomberg
Transcript: Flexport’s Ryan Petersen Says a ‘Great Recession’ Is Here For Ocean Shipping
Back in early 2021, Ryan Petersen was one of the first people we spoke to on the Odd Lots podcast about supply chain snarls and high shipping costs. The founder and co-CEO of Flexport has since gone on to become a go-to name in the world of logistics, making…
Forwarded from Azazel News (Pirate Ballz NotADude)
Media Blackout Over Terror Incident At Vegas Power Plant
https://www.zerohedge.com/markets/media-blackout-over-terror-incident-vegas-power-plant
The US power grid is under attack as extremists shoot, sabotage, and vandalize electrical equipment at power stations. One of the highest-profile attacks was when two men used guns to paralyze a substation in Washington state on Christmas Day, leaving thousands without electricity. The incident made national news, but strangely enough, another attack last week on the Las Vegas power grid went unnoticed by the national press.
Mohammad Mesmarian, 34, rammed his car through the gate of a solar power generation plant outside Las Vegas on Wednesday and set his car on fire, intending to damage a massive transformer, 8 News Now reported.
https://www.zerohedge.com/markets/media-blackout-over-terror-incident-vegas-power-plant
The US power grid is under attack as extremists shoot, sabotage, and vandalize electrical equipment at power stations. One of the highest-profile attacks was when two men used guns to paralyze a substation in Washington state on Christmas Day, leaving thousands without electricity. The incident made national news, but strangely enough, another attack last week on the Las Vegas power grid went unnoticed by the national press.
Mohammad Mesmarian, 34, rammed his car through the gate of a solar power generation plant outside Las Vegas on Wednesday and set his car on fire, intending to damage a massive transformer, 8 News Now reported.
Zerohedge
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Forwarded from Former Lawman
"The CDC is now saying there have been enough cases of people who have received the vaccine and then suffered a stroke"
https://rumble.com/v25cc0b-the-cdc-to-investigate-link-between-strokes-and-the-c19-injections.html
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Stay up to date with the latest: Twitter | Rumble | Premium
https://rumble.com/v25cc0b-the-cdc-to-investigate-link-between-strokes-and-the-c19-injections.html
🔴Follow @RedVoiceMedia🔴
Stay up to date with the latest: Twitter | Rumble | Premium
Rumble
The CDC to Investigate Link Between Strokes and the C19 Injections
"The CDC is now saying there have been enough cases of people who have received the vaccine and then suffered a stroke" H/T: https://rumble.com/v25c8tv-breaking-cdc-to-investigate-link-between-strokes
Forwarded from Nikki SunBear
Yahoo Finance
Universal digital payments network for stablecoins, CBDCs launches at Davos
The Universal Digital Payments Network (UDPN), which aims to offer interoperability between regulated stablecoins and CBDCs, was launched today at the World Economic Forum in Davos.
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270 Billion SHIB Sent to Exchanges by Bankrupt Broker, Here's Shiba Inu Token Price Reaction
https://u.today/270-billion-shib-sent-to-exchanges-by-bankrupt-broker-heres-shiba-inu-token-price-reaction
https://u.today/270-billion-shib-sent-to-exchanges-by-bankrupt-broker-heres-shiba-inu-token-price-reaction
U.Today
270 Billion SHIB Sent to Exchanges by Bankrupt Broker, Here's Shiba Inu Token Price Reaction
Bankrupt crypto broker Voyager (VGX) sends $3 million worth of Shiba Inu tokens to exchanges, still one of the biggest SHIB holders
Forwarded from The NeighbouⓇs
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✨³✨⁶✨⁹✨
111 = 3⃣
222 = 6⃣
333 = 9⃣
444 = 12~3⃣
555 = 15~6⃣
666 = 18~9⃣
777 = 21~3⃣
888 = 24~6⃣
999 = 27~9⃣
✨If you only knew the magnificence of the 3, 6 and 9, then you would have the key to the universe✨
🌟Nikola Tesla
https://t.me/theneighbours2021 Ⓡ
111 = 3⃣
222 = 6⃣
333 = 9⃣
444 = 12~3⃣
555 = 15~6⃣
666 = 18~9⃣
777 = 21~3⃣
888 = 24~6⃣
999 = 27~9⃣
✨If you only knew the magnificence of the 3, 6 and 9, then you would have the key to the universe✨
🌟Nikola Tesla
https://t.me/theneighbours2021 Ⓡ
Forwarded from Breaking911
DEVELOPING: Explosion, Fire At Texas Dairy Farm Kills Nearly 20,000 Cattle, Critically Injures 1 Person https://breaking911.com/explosion-at-texas-dairy-farm-kills-nearly-20000-cattle-critically-injures-1-person/
Breaking911
Explosion At Texas Dairy Farm Kills Nearly 20,000 Cattle, Critically Injures 1 Person - Breaking911
On Monday, a dairy farm in Dimmitt, Texas experienced an explosion and fire that resulted in the death of at least 18,000 cattle. The South Fork Dairy’s building, where they take cattle before moving them into the milking area and a holding pen, was affected…
Forwarded from Deleted Account
What Just Emerged At The Grand Canyon SHOCKS The Whole World
https://www.thearchaeologist.org/blog/what-just-emerged-at-the-grand-canyon-shocks-the-whole-world
https://www.thearchaeologist.org/blog/what-just-emerged-at-the-grand-canyon-shocks-the-whole-world
The Archaeologist
What Just Emerged At The Grand Canyon SHOCKS The Whole World
The Grand Canyon is one of Earth's most beautiful and mysterious places. Its depths stretch seemingly forever, and its sheer size can be breathtaking. But it’s not just the physical beauty of the canyon that makes it so mysterious: It holds secrets about…