I made my original Economic Thoughts post 217 days ago. With the rapid change in both the global consumer markets and the consumer markets here in the USA, it was a good time to revisit and see where we currently stand. In July 2022, we had just begun to see the first decline in the cost inflation associated with the primary forms of freight transportation. My initial belief was that the deep sea water transportation of freight would continue to drop and continue to do so rapidly as the covid-19 supply and demand crunch began to wane.
Economic Thoughts (Part 2 - Freight)
Well it certainly would be NICE to see the savings passed to customers 😂
Great read. Lagging economic indicators could drive us into a deflationary environment on top of a FED induced recession.
Interesting morning read. I’m assuming most companies won’t pass down the savings to customers.