Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
A.P. Moller-Maersk’s CEO, sounded an alarm for the economy this week. During an interview, he announced that excess global shipping capacity had been absorbed. The implications are clear. Cost pressure on cargo container rentals, cargo shipping rates and oil and gas prices will become inevitable. The degree of inflation will depend upon one thing: Iran.
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