Ridin' with Biden

Way to go Joe!

#AmericanLast
#SendAllJobsOverseas
#DemsHateTheMiddleClass

https://www.breitbart.com/politics/...-u-s-steel-cancels-1-5b-project-pennsylvania/

Democrats Blamed After U.S. Steel Cancels $1.5B Project in Pennsylvania

Executives with the U.S. Steel Corp. announced days ago that they are canceling a $1.5 billion project in western Pennsylvania that was set to bring thousands of middle-class union jobs to the region, a move that many are now blaming on Democrats and environmental groups.
 
Ridin with Biden straight down the toilet!

Oh, shit! Biggest jobs miss in 23 years!!!

The numbers were so bad that Steve didn't believe his eyes and he had to double check.


https://www.cnbc.com/2021/05/07/jobs-report-april-2021.html

106879779-1620391252552-20210507_nfp_april_2021.png
 
WeToddDid2 said:
Way to go Joe!!!!

Biden is destroying the US economy much faster than I had imagined.

https://twitter.com/x/status/1390652261580279808
More...


This has nothing to do with Biden if you want to have an intelligent conversation on it...

The supply chain from Asia is completely messed up since the end of last year. Carriers have not been able to meet the almost tripling of demand for space for goods to be shipped to U.S. and Europe. Demand has surged as economies have reopened and the shortgae of space means suppliers are ordering more than usual to meet their own demand and maintain inventories. Companies with 2-3 months of inventories are down to almost nothing due to high demand and are ordering more and more.

With lack of enough space on ships and container shortages freight rates on average from Asia to U.S. went from $2500 to $10,000 a container. You read that right.

Companies were initially absorbing the freight increases and product price increases but now are passing everything on to the consumer. Anything imported to the U.S. (which is almost everything) or made in the U.S. with imported parts are facing huge logistics costs and backlogs. Trucking and rail rates have tripled.

I have seen price increases in many of my import and export lines and almost entirely made up of freight cost pass throughs. Carriers are taking advantage (google COSCO, Maersk, CMA-CGM, Hapag-LLoyd earnings from Q1 - setting records).

You are all going to pay more for imports and it is not trump or biden - it is a backlog of demand aftger economies reopning from COVID and not even everyone is fully open. U.S. is leading the surge and causing most of the space and container shortage and the Evergreen tampon in Suez caused another shockwave.

This is a specialty of mine and I am warning you that freight rates jumping 5x (unheard of) is causing a ripple effect and suppliers and wholesalers are not absorbing it any more. From Walmart to Costco to higher end items...big price increased.
 
El OchoCinco said:
This has nothing to do with Biden if you want to have an intelligent conversation on it...

The supply chain from Asia is completely messed up since the end of last year. Carriers have not been able to meet the almost tripling of demand for space for goods to be shipped to U.S. and Europe. Demand has surged as economies have reopened and the shortgae of space means suppliers are ordering more than usual to meet their own demand and maintain inventories. Companies with 2-3 months of inventories are down to almost nothing due to high demand and are ordering more and more.

With lack of enough space on ships and container shortages freight rates on average from Asia to U.S. went from $2500 to $10,000 a container. You read that right.

Companies were initially absorbing the freight increases and product price increases but now are passing everything on to the consumer. Anything imported to the U.S. (which is almost everything) or made in the U.S. with imported parts are facing huge logistics costs and backlogs. Trucking and rail rates have tripled.

I have seen price increases in many of my import and export lines and almost entirely made up of freight cost pass throughs. Carriers are taking advantage (google COSCO, Maersk, CMA-CGM, Hapag-LLoyd earnings from Q1 - setting records).

You are all going to pay more for imports and it is not trump or biden - it is a backlog of demand aftger economies reopning from COVID and not even everyone is fully open. U.S. is leading the surge and causing most of the space and container shortage and the Evergreen tampon in Suez caused another shockwave.

This is a specialty of mine and I am warning you that freight rates jumping 5x (unheard of) is causing a ripple effect and suppliers and wholesalers are not absorbing it any more. From Walmart to Costco to higher end items...big price increased.
More...

Gas rates will continue to rise too. And that is the achilles heel for Americans. And for Joe to answer to. Whether he or any president is responsible for it when it happens is neither here nor there. Americans will be brutal on any president who is in office when gas rises. Of course Joe's dislike and aversion to American energy independence will make him a great target.
 
El OchoCinco said:
...From Walmart to Costco to higher end items...big price increased.
More...

In lighter news, I was still able to get my 6-pack of soft-bristle toothbrushes from Wal-Mart today for $1. This is not a lie, I really did it today, and it is still a buck.

Made in China of course. I love the cheep shit. (I don't have to worry about toothbrushes made in China having lead or whatever in them, because I already have enough toxins in my body. China can no longer hurt me).

Wheeee!
 
El OchoCinco said:
This has nothing to do with Biden if you want to have an intelligent conversation on it...

The supply chain from Asia is completely messed up since the end of last year. Carriers have not been able to meet the almost tripling of demand for space for goods to be shipped to U.S. and Europe. Demand has surged as economies have reopened and the shortgae of space means suppliers are ordering more than usual to meet their own demand and maintain inventories. Companies with 2-3 months of inventories are down to almost nothing due to high demand and are ordering more and more.

With lack of enough space on ships and container shortages freight rates on average from Asia to U.S. went from $2500 to $10,000 a container. You read that right.

Companies were initially absorbing the freight increases and product price increases but now are passing everything on to the consumer. Anything imported to the U.S. (which is almost everything) or made in the U.S. with imported parts are facing huge logistics costs and backlogs. Trucking and rail rates have tripled.

I have seen price increases in many of my import and export lines and almost entirely made up of freight cost pass throughs. Carriers are taking advantage (google COSCO, Maersk, CMA-CGM, Hapag-LLoyd earnings from Q1 - setting records).

You are all going to pay more for imports and it is not trump or biden - it is a backlog of demand aftger economies reopning from COVID and not even everyone is fully open. U.S. is leading the surge and causing most of the space and container shortage and the Evergreen tampon in Suez caused another shockwave.

This is a specialty of mine and I am warning you that freight rates jumping 5x (unheard of) is causing a ripple effect and suppliers and wholesalers are not absorbing it any more. From Walmart to Costco to higher end items...big price increased.
More...
I wanted to get a play in this last month for the ira. Did quite a bit of DD. 3 big players... TRTN, CAI, TGH. Ended up going with Triton at $24 and change. Yield is 4.35%, PE is right. I figured it might catch up with that yield. Not too many fleas. No plans to hold it very long though. CX wants $9 bad now that we're gone.

"Suez tampon that caused a shockwave" lol. What was that tampon back in the day that caused toxic shock syndrome? Or was that a diaphram?
 
Overnight said:
In lighter news, I was still able to get my 6-pack of soft-bristle toothbrushes from Wal-Mart today for $1. This is not a lie, I really did it today, and it is still a buck.

Made in China of course. I love the cheep shit. (I don't have to worry about toothbrushes made in China having lead or whatever in them, because I already have enough toxins in my body. China can no longer hurt me).

Wheeee!
More...


The cheap shit still comes in pretty cheap because you can load way more in a container. For example, you can load 250,000 masks in a 40' so the cost per unit changes less. But larger items and more expensive items (tires or washing machines) feel it. Also internal logistics is so over burdened so inland freight rates have skyrocketed so wood from Montana to East Coast jumps 50% to move it.
 
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