So true. I had to take a couple of flights this past week and the planes were full, every seat sold. They could barely get all people's goddamn stuff in the overhead bins.
Voters dont care about the Baltic dry index. They care about the price of food and energy and consumer good. Bidenflation means democrats are going to get annihilated in the mid terms.
My second statement was intended to add domestic energy costs to the costs of imports, which latter of course factor in fuel costs, but also include labor shortages abroad and today's ships steaming around in circles.
Isn't that the norm by now in which the party in the Oval office will lose the mid-terms ? Yet, remember this...it doesn't matter who wins/loses the mid-terms... There's a very good chance that inflation will get worst if the behavior of the people doesn't improve as in prolonging the Pandemic because the fact will still remain... It's a Pandemic of those Not Vaccinated and that makes the economic recovery so much difficult no matter who is President and promised to fix it before it can get bad. Seriously, I just don't see the behavior in the Pandemic changing just because the Republicans will win the mid-terms...I think (my opinion) that Inflation will get worst. Rich will get Richer and the Poor will get Poorer P.S. Use all that money you saved up to pay off your debt before interest rates begin to storm upwards. Many ET members gave me a hard time in 2019 when I stated I'm now debt free. wrbtrader
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains and many other commodities.
I see. Seems to me that tying that index into inflation is a bit of a stretch. Is it meant to represent a leading indicator of US inflation?
This is the truth, although it’s based on a lie. It’s tough for democrats because the captain of the ship has to lead the boat he was given into waters already on course. The inflation issue is not of Biden’s doing but he does own it. Making money more expensive because supply chains aren’t strong isn’t the right thing to do either. However, trying to get people to understand what it actually takes to make a pencil is too complicated and they want very complicated matter fixed quickly so it drags on Biden. Whatever, he asked for the job and now he’s got it. The only thing is people end up exposing themselves as fools carrying that “bidenflation” argument into the public conversation.