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Topic Title: Wholesale prices up 8.6%
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Created On: 10/14/2021 01:18 PM
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 10/14/2021 08:37 PM
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Fish Killer

Posts: 54918
Joined Forum: 10/09/2005

"The White House efforts announced Wednesday are expected to account for just 3,500 additional containers per week being moved at night - a tiny fraction of the 120,000 containers already moving each week.

Meanwhile, there are 62 container ships waiting to unload some 500,000 containers at Los Angeles/Long Beach - and another 25 are scheduled to arrive in the next three days."

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FRAUDFRAUDFRAUDFRAUDBIDENFRAUDFRAUDFRAUDFRAUD
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 10/15/2021 01:59 AM
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jdbman

Posts: 11579
Joined Forum: 07/28/2003

"There are signs supply chain disruptions are peaking... Given the unprecedented surge in goods consumption, supply chains are stretched. With little slack in the system, any disruption has an outsize impact on goods availability. Recent COVID-19 waves in Vietnam and Malaysia, for example, have disrupted apparel and semiconductor manufacturing. Some petrochemical plants on the US Gulf Coast have not fully recovered from severe summer weather. Logistics networks have found it difficult to handle the sheer volume of goods, resulting in long delays at the ports. But recent production outages are improving - the COVID-19 wave in Southeast Asia is easing and petrochemical plants should continue to recover. Now that we have moved past the peak import season (August and September), the bottlenecks at US ports have stopped worsening."

UBS



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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.
 10/15/2021 02:13 AM
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jdbman

Posts: 11579
Joined Forum: 07/28/2003

The Labor Department said the number of Americans applying for unemployment benefits last week fell to its lowest level since the COVID-19 pandemic began. It's a positive sign for a job market that is trying to recover from the initial hit from the pandemic 18 months ago. A surge of cases over the summer stunted the recovery.

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.
 10/15/2021 04:17 AM
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follydude

Posts: 8724
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Originally posted by: Fish Killer

Originally posted by: follydude

On Wednesday, President Joe Biden took actions in an effort to address the supply chain problems including announcing that the Port of Los Angeles would begin operating 24 hours a day, seven days a week to clear bottlenecks at one of America's largest ports.




You just dont get it.

Biden isn't going to do...OR ACTUALLY IS DOING.... SHIT!

"The NEWS says the California port situation is caused by a driver shortage. Not so fast: It is in part caused by a California Truck Ban which says all trucks must be 2011 or newer and a law called AB 5 which prohibits Owner Operators. Traditionally the ports have been served by Owner Operators (non union). California has now banned Owner Operators. Long term, truckers in California are not investing in new trucks because California has a law that makes them illegal in 2035. The requirement is to purchase electric trucks which do not exist. And in the words of Paul Harvey, "Now you know the rest of the story" BUSINESS CARB to begin blocking certain trucks' DMV registrations in 2020 Carriers domiciled in California with trucks older than 2011 model, or using engines manufactured before 2010, will need to meet the Board's new Truck and Bus Regulation beginning in 2020 or their vehicles will be blocked from registration with the state's DMV, the state has said. The new "health-based requirements" will need to be met before a driver is allowed to register his or her truck through the Department of Motor Vehicles, CARB says. A new enforcement tool used by the DMV beginning in 2020 will automatically block 2010 and older trucks from registration."

California is going full demoshit on the entire country!

Biden can't actually do SHIT!

DeSantis did actually do something though...

He invited the cargo traffic be re-routed to Florida ports....

What a good novel concept.

DeSantis is doing more to help our crisis than Biden will EVER DO!

FOOL!




California ports don't work weekends or more than 12 hours a day.

Biden's action is going to change that.

Now, as for Desantis' bullshit bloviating: he is talking out of his ass. And it is obvious that neither he nor you understand how ocean transportation and steamship lines operate.

You think American President Lines, Mitsui OSK, Yang-Ming or COSCO is going to re-route their containerships thru the expensive Panama Canal to make unscheduled port calls in FLA where many have zero infrastructure or administrative support because some political hack says so? Let's extrapolate this. A ship diverts from Long Beach, CA - where most of the cargo is destined - thru the Panama Canal to Miami. The containers are offloaded. Then what? Railed or trucked back to Southern California? What happens to the containership that costs $10,000 per day to operate when it's waiting to go back & forth thru the Panama Canal? It has to pick up cargo from Long Beach and then go back to East Asia to repeat the process. This is a beyond stupid idea that shows neither of you have a clue how things really work.

You are fool if you even consider this a possibility for more than a second.




 10/15/2021 05:23 AM
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RustyTruck

Posts: 27505
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Shit's backed up all over the world. Take a deep breath, only buy what you need, and sit tight.

Shop early for Christmas, and my advice would be to tone it down this year and just celebrate the health of your family and not conspicuous consumption.

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“We live in capitalism. Its power seems inescapable. So did the divine right of kings.”
- Ursula K. Le Guin
 10/15/2021 05:27 AM
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Lunchmeat

Posts: 2489
Joined Forum: 08/02/2003

"Three years into Donald Trump's administration, just prior to the onset of the pandemic, the national debt stood at $23.2 trillion, equivalent to 106.9 percent of GDP. Because of the stronger economic growth America was then realizing, debt as a percentage of GDP was increasing at just 0.5 percent per year.

During 2020, federal debt rose $4.5 trillion. The bulk of this deficit came from the significant federal assistance provided to support the economy during the pandemic-related recession, the deepest economic shock to our country in nearly a century. Would Biden have spent less?"

Edited: 10/15/2021 at 05:27 AM by Lunchmeat
 10/15/2021 05:32 AM
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jdbman

Posts: 11579
Joined Forum: 07/28/2003

"Despite concerns about supply chains, wages, and
input costs, we expect a good earnings season.
Earnings will likely beat expectations, but by a
smaller amount relative to recent quarters.
. We maintain our 2021 and 2022 S&P 500 EPS
estimates of USD 207 (45% growth) and 227 (10%
growth). Third-quarter earnings growth should be
around 30%.
. Investors seem braced for bad news. If results come
in as we expect, stocks could experience a bit of a
"relief" rally. We maintain our June and December
2022 price targets of 4,800 and 5,000, respectively.
. Cyclical and value stocks have outperformed in
recent weeks. We think there is more to go as the
delta wave subsides and economic activity continues
to normalize."

DL UBS

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.
 10/15/2021 05:51 AM
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jdbman

Posts: 11579
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WASHINGTON, Oct 15 (Reuters) - U.S. retail sales unexpectedly increased in September, but there are fears that supply constraints could disrupt the holiday shopping season amid continued shortages of motor vehicles and other goods.

Retail sales rose 0.7% last month, the Commerce Department said on Friday. Data for August was revised higher to show retail sales increasing 0.9% instead of 0.7% as previously reported. Sales last month were partly lifted by higher prices.

Economists polled by Reuters had forecast retail sales slipping 0.2%.

An ongoing global shortage of microchips is forcing automakers to cut production, leading to a scarcity of inventory at showrooms, which is boosting prices and limiting choice for buyers. Other goods are also in short supply amid congestion at ports because of a dearth of workers.

President Joe Biden on Wednesday announced that the Port of Los Angeles would join the Port of Long Beach, two of the country's busiest, in expanding round-the-clock operations to unload an estimated 500,000 containers waiting on cargo ships offshore.

Spending shifted to goods from services over the course of the COVID-19 pandemic, straining supply chains. The rotation back to services like travel and dining out has been slowed by a resurgence in coronavirus infections over summer, driven by the Delta variant.

Retail sales are mostly goods, with services, including healthcare, education, travel and hotel accommodation making up the remaining portion of consumer spending. Restaurants and bars are the only services category in the retail sales report.

"While visits to restaurants and retail locations have yet to break out of their late summer plateau, high-frequency card transaction data suggests spending remains solid," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina.

Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.8% last month after an upwardly revised 2.6% increase in August. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. They were previously estimated to have surged 2.5% in August.

Economists believe consumer spending, which accounts for more than two-thirds of U.S. economic activity, almost stalled in the third-quarter after a robust 12.0% annualized growth pace in the April-June quarter. Consumer spending growth estimates for the third quarter are around a 2.0% rate.

Sluggish consumer spending also suggests that GDP growth braked sharply in the July-September quarter from the second-quarter's 6.7% pace. The Atlanta Federal Reserve forecasts the economy grew at a 1.3% rate last quarter.

The government will publish its snapshot of third-quarter GDP growth at the end of the month. Some of the anticipated slowdown in growth reflects the fading stimulus from trillions of dollars in pandemic relief from the government.

With hefty savings and a tightening labor market boosting wages, the foundation for the economy and consumer spending is solid. The saving rate increased at a 10.5% rate in the second quarter. There were 10.4 million job openings at the end of August.

"Of course, strong job gains and an elevated savings rate should provide consumers with an arsenal of available funds for spending after what appears to be a pause in the third quarter as the Delta variant spread and fiscal economic impact payments faded," said Kevin Cummins, chief U.S. economist at Natwest Markets in Stamford, Connecticut. (Reporting by Lucia Mutikani Editing by Chizu Nomiyama)

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.
 10/15/2021 06:16 AM
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Cole

Posts: 55399
Joined Forum: 07/22/2003

According to the Right, the world is falling apart. What happens if it isn't? What happens when it all goes back to normal; Afghanistan is out of the news, prices return to normal, we begin to work with our allies again, corona comes under control.

And all of it happens under Democratic leadership.

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So long and thanks for all the fish.
 10/15/2021 06:39 AM
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tpapablo

Posts: 36533
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And it is obvious that neither he nor you understand how ocean transportation and steamship lines operate. You think American President Lines, Mitsui OSK, Yang-Ming or COSCO is going to re-route their containerships thru the expensive Panama Canal to make unscheduled port calls in FLA where many have zero infrastructure or administrative support because some political hack says so? Let's extrapolate this. A ship diverts from Long Beach, CA - where most of the cargo is destined - thru the Panama Canal to Miami. The containers are offloaded. Then what? Railed or trucked back to Southern California? What happens to the containership that costs $10,000 per day to operate when it's waiting to go back & forth thru the Panama Canal? It has to pick up cargo from Long Beach and then go back to East Asia to repeat the process. This is a beyond stupid idea that shows neither of you have a clue how things really work.
I understand exactly how it works. You obviously don't have the foggiest. Florida already is getting more ships. Tampa's container volume is up 40% over the last year, for example. In any event, inflation is raging and it is Dementia Joe's fault.

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I :heart; Q
 10/15/2021 06:44 AM
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Cole

Posts: 55399
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In any event, inflation is raging and it is Dementia Joe's fault.


It's not, every clown knows that, but you better hope it stays that way till 2022 and beyond or, "Biden saves the economy!" will be the new Republican platform. lol

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So long and thanks for all the fish.
 10/15/2021 01:39 PM
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crankit

Posts: 15941
Joined Forum: 07/30/2003

Gas at $5 a gallon in your utopian state!

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"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same."
 10/15/2021 01:51 PM
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HAPDigital

Posts: 15505
Joined Forum: 11/29/2004

Remember when Trump tanked the economy and Biden saved it? Yup.
 10/15/2021 02:25 PM
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nukeh2o

Posts: 5800
Joined Forum: 03/18/2016

"I understand exactly how it works." -d.j.chumpf
insert clever riposte here
Piggy knows about as much about shipping and logistics as he does about livestock and real estate.
Cleanup on aisle 6



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It's a democratic hoax
 10/15/2021 02:45 PM
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CurtisEflush

Posts: 429
Joined Forum: 09/28/2012

Lazy crane operators making $250,000 a year exacerbating port crisis, truckers say

LONG BEACH, California - Crane operators who belong to a powerful union and earn up to $250,000 a year transferring containers from ships to trucks are worsening the supply chain crisis that threatens Christmas by goofing off on the job, frustrated truckers told the Washington Examiner.

...


While the reasons for the burgeoning backlog are complex, truck drivers say not everyone seems to be working together.

"In 15 years of doing this job, I've never seen them work slower," said Antonio, who has spent hours waiting at Los Angeles County ports for cargo to be loaded. "The crane operators take their time, like three to four hours to get just one container. You can't say anything to them, or they will just go [help] someone else."

(full article at original link)
 10/15/2021 03:33 PM
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nukeh2o

Posts: 5800
Joined Forum: 03/18/2016

Hey look! A chumpfscum with the slightest inkling of a semblance of a clue!
Teamsters are useless, as are the stevedore and longshoremen unions.
After 9/11, in lauderdale and miami, they would stack containers to block homeland security inspectors, so as to prevent them learning about ripoffs and contraband. I still have my seafarers/longshoremen card from Hawaii.
Biden is about to sweep this shit aside in a national priority proclamation..
Chumpf did nothing for 4 years, most of these vermin are his supporters.
Cries that Biden is "union busting!" from the rechumpflicans in 3,2,1.....

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It's a democratic hoax
 10/15/2021 03:51 PM
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tpapablo

Posts: 36533
Joined Forum: 07/25/2003

Originally posted by: CurtisEflush Lazy crane operators making $250,000 a year exacerbating port crisis, truckers say
LONG BEACH, California - Crane operators who belong to a powerful union and earn up to $250,000 a year transferring containers from ships to trucks are worsening the supply chain crisis that threatens Christmas by goofing off on the job, frustrated truckers told the Washington Examiner. ... While the reasons for the burgeoning backlog are complex, truck drivers say not everyone seems to be working together. "In 15 years of doing this job, I've never seen them work slower," said Antonio, who has spent hours waiting at Los Angeles County ports for cargo to be loaded. "The crane operators take their time, like three to four hours to get just one container. You can't say anything to them, or they will just go [help] someone else." (full article at original link)
We know that Dementia Joe ain't going to take on the unions.

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I :heart; Q
 10/15/2021 04:30 PM
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nukeh2o

Posts: 5800
Joined Forum: 03/18/2016

And of course, as always, pigsley knows best.
"I understand exactly how it works"
That's yet another big fat nyetski for the failed tourist ostrich rancher.
Biden will sweep this aside and solve the problem.
That little Lord loofah ignored for 4 yrs.

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It's a democratic hoax
 10/15/2021 04:34 PM
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wtf

Posts: 6374
Joined Forum: 11/23/2005

Originally posted by: HAPDigital

All issues stemmed from Trump's lack of action at the beginning of covid.

Yup, but one cannot expect dotards to understand such nuance. Just look at the responses - complete drivel.


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QOP = Terrorists

Edited: 10/15/2021 at 04:36 PM by wtf
 10/15/2021 06:39 PM
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follydude

Posts: 8724
Joined Forum: 07/25/2003

Originally posted by: tpapablo

And it is obvious that neither he nor you understand how ocean transportation and steamship lines operate.

You think American President Lines, Mitsui OSK, Yang-Ming or COSCO is going to re-route their containerships thru the expensive Panama Canal to make unscheduled port calls in FLA where many have zero infrastructure or administrative support because some political hack says so? Let's extrapolate this. A ship diverts from Long Beach, CA - where most of the cargo is destined - thru the Panama Canal to Miami. The containers are offloaded. Then what? Railed or trucked back to Southern California? What happens to the containership that costs $10,000 per day to operate when it's waiting to go back & forth thru the Panama Canal? It has to pick up cargo from Long Beach and then go back to East Asia to repeat the process. This is a beyond stupid idea that shows neither of you have a clue how things really work.


I understand exactly how it works. You obviously don't have the foggiest. Florida already is getting more ships. Tampa's container volume is up 40% over the last year, for example.

In any event, inflation is raging and it is Dementia Joe's fault.


... And it has zero impact on West Coast ports.

Florida ports compete against each other: there is no "Florida Ports Authority". Therefore, TPA sees that there aren't any cruise ships on the horizon, so they lower freight rates on boxes and salvage some revenue.

A big glaring number is 57,000.

That's the number of twenty foot containers (TEUs) moved in the Port of Tampa last year.

Port of Miami 1 million TEUs.

Port of Long Beach (CA) 8 million TEUs.

Big fucking whoop that TPA is up 40%.

That's a grain of sand on the big beach of ocean transportation.

Looking like the foggiest fog has lifted.





FORUMS : National Enquirer (FORMERLY NSR) : Wholesale prices up 8.6%

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