RUNNAWAYICEBERG

Because when the rich fats have control, this happens: More tepid growth in the income of middle-class households and the reduction in the share of households in the middle-income tier led to a steep fall in the share of U.S. aggregate income held by the middle class. From 1970 to 2018, the share of aggregate income going to middle-class households fell from 62% to 43%. Over the same period, the share held by upper-income households increased from 29% to 48%. The share flowing to lower-income households inched down from 10% in 1970 to 9% in 2018. These trends in income reflect the growth in economic inequality overall in the U.S. in the decades since 1980.

I’ve never seen anything like this in my 20yrs in supply chain. Folks who have done this for 40yrs+ say the same. It sounds like a bizarre problem that should be easily solved…”just put the blocks back in their proper places.” But Unless demand slows down enough or empty containers can be magically teleported, it will take many months. We started seeing the problem back in Feb but it has really exasperated the past two months. It’s projected to continue thru the summer too and no one knows when it will ease up.

Mostly, yes. Containers were being displaced all over the world as the shutdowns happened. Now with demand way up, supply is severely lagging because of how much we rely on Asian imports...there’s just not enough containers in the right places to keep the flow going. We typically import around 1500 containers/mo but could only book 400 in May and 700 in June (after paying a premium to secure an extra 300). Shipping companies are trying to recoup their losses from last year and they have all the leverage…a 20ft container ran about $2500 pre pandemic for a Shanghai to Savannah route but it’s running around $10k now.

Import supply is crippled with worldwide container shortages, jammed ports, and skyrocketing ocean freight costs. The biggest importer in the world, Walmart, is having difficulty securing containers. Capacity is a huge problem with no end in sight. The good thing to come out of this is the smarter American companies are beginning to realize the benefits of producing domestically again. The penny pinching savings from closing plants in the US to abuse cheap Asian labor has begun to wane. It will take a while but we also need congress to eventually strap on their big boy pants and incentivize American companies who benefit from American consumers to produce in America. It creates jobs and improves supply chain efficiency. But that may mean CEOs and shareholders may actually have to make a little less millions and billions to make this change sustainable. Crazy idea, I know.

Nothing beats the 80/50 blue sky warmth. One can do any outdoor activity they desire.

It’s probably a 10pm onward invasion, yea.

Windows back open in 5hrs.

The dude told us many weeks ago this is over, to stop talking about it, and to go on with our lives…and look at him, he can’t help himself. Glued to covid 24/7 lol.

Beauty. Send the coc down here, everyone is waiting.

One more day of swamp then we’ll coc it for the next 2 weeks.

DIT just threw his AC off the Tolland summit and quit the board...

I always walk and carry my bag too so no thanks to anything 85/65+.

True but who the eff wants to play in this crap? We’ll wait for the return of the coc.

Nasty looking to the west. Thankfully nothing severe mostly tropical downpours

You right. It’s sneaking in the back door there on Thursday.

Yikes: Massive internet outage - Websites and apps around the world go dark

Cool down starts Friday with the return of the coc...and looks to hang around into late June. Summer will have to wait until July.

Crazy. Very large webbed hands?

I still think the spike in pitching and decrease in hitting this season is not a direct result of pitchers suddenly and collectively using sticky stuff to increase spin rates. Before this season, offense/home runs was surging so pitchers had to find ways to negate the ‘juiced ball’. MLB made changes to the baseball in the offseason to help pitching so with record breaking no hitters to date, suddenly the sticky substance becomes a talking point...I’m not completely sold on it. The spin rate sample size is way to small for me to declare that this is the case.

Yea, you did. The new baseballs still play a role in pitching improvements though and some of the no hitters where thrown by pitchers who claim to not have used any foreign substance but their own saliva.

Looks like your pool position gets baked with the summer angle, which is good.

Cooler south of 84 lol. OKX fail though, yet again. Nice call.

Yea. They have increasing clouds and chance of storms a little too early which is why they may have capped the high below 90. I think we will get into the low 90s but I’ll bet the under on 93.4.

Must be over the top warmth then because OKX has us here in the upper 80s only.