Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Signs of an impending supply-chain bottleneck and its inflationary consequences have been conspicuous. The Suez Canal has been made impassable due to terrorist attacks on vessels. The expanded Middle East conflict has threatened sea shipping routes and oil pipeline access. Dockworkers at East and Gulf Coast ports threatened a strike on October 1.
Damaged ocean cargo routes, inflated freight costs, rising labor threats and escalating geopolitical risks have led to an early start to the peak shipping season. Retailers and other importers are incurring inventory risk to mitigate supply chain risks.
The Rabid Capitalist expects that inflation will increase because of all these forces.
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