Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The Canadian railroads have reached an impasse in their negotiations with the Teamsters Canada Rail Conference union. We can add it to the geopolitical, environmental, domestic labor and tariff threats that have conspired to drive a four-fold increase in sea-shipping rates over the last twelve months.
The threat of freight inflation should not be ignored. A hard landing for the economy remains a possibility.
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