New Tally Shows the LA Port Ship Logjam is Longer Than Ever
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18 Comments
Newest
2 years ago
Perhaps our record current account imbalances have exceeded port capacity .
2 years ago
We’ve reached the stage where we’re only qualified to cheer for Dear Leader and make money off our house by now. Offloading ships is way too complimecated and challenging.
The only reason the Chinese can offload ships, is because their Dear Leaders are mean. And they, like, are, like, slave labors. That’s what our Dear Leaders tweet. And our Dear Leaders are good Dear Leaders. Unlike all the other Dear Leaders, who are bad Dear Leaders. Our Dear Leaders should hold all the other Dear Leaders accountable! And stuff!
2 years ago
If the stores are well-stocked yet there is a long line of ships off of LA then the logical conclusion is that retailers are talking about their particular stores and do not speak for the whole sector. Alternately one could say that a store chain who says they are not well-stocked would lose sales to those chains who say they are well-stocked so the logical thing to do is to claim they are well-stocked when they are not leading to everybody saying they are well-stocked which is the situation we see today.
The goods on those ships we ordered by somebody so when everyone claims to not to need those goods I have to conclude that someone is lying but who?
2 years ago
Something about perception equals reality. Sounds about right.
2 years ago
What I’ve noticed at stores is there isn’t a shortage of overall products. There’s a limited selection. For example, there are 50 flavors of ice cream, but they only have 10 of the flavors in stock, so they display 5x more vanilla than usual. When I shopped for thanksgiving side dishes, they had tons of mac and cheese but no stuffing or sweet potatoes.
2 years ago
Ah, yesssss, notice that things are priced so much higher now.
Well, just as those evil Oil Companies hoard precious oil in tankers to cruelly skyrocket the price of oil, these container ships are hoarding precious goods from us simply to run up the price! This is how greedy, fat-cat plutocrats of the parasitic class brazenly steal our hard-earned money.
2 years ago
“If stores are well stocked, what do we make of a record 96 container ships off the California coast with a 21 day average wait?”
That arbitrary de facto restrictions are preventing pricing mechanisms from functioning as they would in a free society.
Just as is the case wrt housing shortages, healthcare shortages, (problematic) wealth inequalities, getting buttwhipped by sandal wearing dudes operating on a shoestring, drug problems and the rest of the pathologies which make up all that is left of this bunghole at the bottom of a manurepile.
2 years ago
The bull whipping sandal wearing type dudes operating on a shoestring are the worst. They always think they are so advanced.
2 years ago
“They always think they are so advanced.”
Compared to the current West, they are……
2 years ago
I saw a video a few days ago where someone documented that the cranes used to unload the ships had not moved all day long.
2 years ago
This could be good news
2 years ago
There is a bullwhip effect coming into play as well once people stop hoarding. The holiday season is going to be over soon as well.
If the supply becomes high relative to the demand on the ebb of bullwhip effect, inflation will go really low, might even be negative.
Most factories in China and onshore are working close to limit. If demand normalizes, all the inventory in transit might cause an oversupply in the next three months.
2 years ago
It’s amazing how similar Biden is to Trump. Instead of competently solve a problem just lie about it and then come up with some gimmick like releasing oil from strategic reserve. It sounds good but it does nothing to solve the problem.
2 years ago
Once all the stores are looted or closed, shipping containers will become the next target.
2 years ago
LOL. There will be a big hiring demand for experienced Somali pirates.
2 years ago
Bear in mind that NOTHING on any of those container ships has been paid for yet.
The bank issuing a letter of credit does not pay the beneficiary (most likely an exporter in China) until the goods have been physically delivered.
There may very well be more going on here (economic/financial warfare) than most people realize.
2 years ago
You might be right, but my money’s on gross incompetence.
2 years ago
Not paid but ordered.