Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Yesterday afternoon, Hapag-Lloyd, a large German shipping company, announced that its fleet will no longer use the Red Sea due to terrorism. The Rabid Capitalist described this inflation risk and its effect on energy prices yesterday (see https://therabidcapitalist.com/2023/12/15/terrorism-is-inflationary/).
I expect the response of these companies to become a consistent trend in the shipping industry. If so, the impact on inflation will be notable.
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