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Old 03-08-2022, 09:26 AM
  #1  
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Default It’s not just oil…

Inflation is about to soar…

The war in Ukraine has severely hobbled shipping in the Black Sea, with broad consequences for international transport and global supply chains. Dozens of cargo ships are stranded at the Ukrainian port of Mykolaiv, shipping trackers said. An estimated 3,500 sailors have been stuck on some 200 ships at Ukrainian ports, according to London-based shipping tracker Windward Ltd. More ships are stranded around the globe than at any point since World War II, maritime historians said.

The result is a shutdown of the world’s second-largest grain exporting region. Ukraine accounts for 16% of global corn exports, and together with Russia, 30% of wheat exports. Global wheat prices have jumped more than 55% since the week before the invasion.

“This shock to global grain supply is the biggest supply shock since the OPEC oil cuts in the 1970s,” said Salvatore Mercogliano, a professor at Campbell University in North Carolina and former merchant mariner. “It will mean food shortages in the Middle East and Africa, and inflation across the world.”

Making matters worse for global shippers, thousands of Ukrainian and Russian seafarers are stuck in ports around the world, leaving shipowners scrambling to find replacement crews to keep strained supply chains rolling.
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Old 03-08-2022, 09:32 AM
  #2  
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Originally Posted by Excargodog View Post
Inflation is about to soar…
Does this mean I should be nervous being the plug of the seniority list? Possible furloughs and for how long?
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Old 03-08-2022, 09:37 AM
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Originally Posted by tommy2times View Post
Does this mean I should be nervous being the plug of the seniority list? Possible furloughs and for how long?
One should ALWAYS be nervous being the plug, even in good times but ESPECIALLY in bad times.

Been there, done that, got the T-shirt.
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Old 03-08-2022, 09:40 AM
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Should I start freaking out or wait?
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Old 03-08-2022, 09:45 AM
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Originally Posted by Excargodog View Post
Inflation is about to soar…
Elections have consequences. But everyone, look at the bright side, we don't have any mean tweets anymore. And we can all have our safe space. Boy 2022 is off to a good start.
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Old 03-08-2022, 09:46 AM
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Originally Posted by Excargodog View Post
...about to…
Uh, where ya been homie?
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Old 03-08-2022, 09:51 AM
  #7  
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Originally Posted by Al Czervik View Post
Should I start freaking out or wait?
wait. It is best to panic slowly.
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Old 03-08-2022, 09:57 AM
  #8  
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Maybe if we shut everything down for two weeks, it'll flatten the oil curve.
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Old 03-08-2022, 09:59 AM
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Originally Posted by Skeet20 View Post
Elections have consequences. But everyone, look at the bright side, we don't have any mean tweets anymore. And we can all have our safe space. Boy 2022 is off to a good start.
Everyone was upset when Jimmy Carter tweeted "put on a sweater" in the 70's. We seem to be doing pretty good since voting him out.
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Old 03-08-2022, 10:01 AM
  #10  
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Originally Posted by Al Czervik View Post
Should I start freaking out or wait?
Yes, because (wait for his spin), inflation hurts legacy customers more than ULCCs. ????

I guess we're done worrying about Covid and need to move on to the next 'crisis' that we have zero control over. Just make sure to obsess on the latest 'crisis' during all of your waking hours.
Should inflation fade into the background, we can always shift our focus to the great fallback - catastrophic anthropogenic global warmuning.

There's always something that we have no control over to worry about...
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