Transportation rates are soaring, stagflation and interest rates, plus a stunning look at US vs China.
Transportation Rates Soaring
July 20 (King World News) – Daniel Lacalle, Chief Economist at Tressis: “Transportation rates soaring. To ship a 40ft container from Shanghai to LA currently costs $9,733, acc to Drewry World Container Index (+236% from July 2020). A composite index of 8 major trade routes is up 339% from one year ago.”…
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Reserve Currency
Win Smart, CFA: Wait, who has the reserve currency again?
Country With Greater Share Of Trade 2000 vs 2020
(US Blue, China Red)
Stagflation
Ole Hansen, Head of Commodity Strategy at Saxo Bank: “From my holiday hideout I see risk appetite tumble left right and center as bond yield collapse points to stagflation. The end result probably somewhat less severe but record high asset prices and positioning into a slowdown during a low liquidity time of year = trouble.”
Interest Rates
Jeroen Blokland: US 10-year Treasury yield down to 1.16%.
10 Year Continues To Surprise Traders As
Interest Rates Continue To Tumble
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