The vibes I'm getting with this Suez story is similar to the ones in early Feb 2020 with Covid. Most people are sleeping on this, mostly joking that it's a non issue that would be resolved quickly.
I have a feeling the system is way more fragile than we realize. Shutting down 10% of global shipping routes indefinitely can mean disaster. Not just a 10% bump in some commodity prices.
We're not thinking this through far enough.
There is an alternative route around the Cape of Good Hope, but it's 6000km longer.
To me this looks like yet another indicator of incoming high inflation and more shortages of certain goods.
There's already a microchip shortage in Europe (for things like cars and even washing machines etc).
@pox Of course it's an #EVERGREEN ship! This shit is so obvious. They don't even try. They don't even fucking try anymore. I haven't been paying attention to this because everything is a lie except #Bitcoin. This is the first time I have given it any of my attention and low and behold...Evergreen! huh! Well well well GTFOH
Bitcoin Maston Instance