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Goldilocks and Seeds of Wisdom
Goldilocks posted a commentary and links:
Watch the water.
Since last Wednesday, the LA ports on the West Coast have shut down.
This is the largest port in the United States that moves products from Asian countries with filled cargo ships backing up fast.
There is a shortage of workers to move products through the system. The recaliberization of the logistics mechanisms in this port has not normalized since the C***d-19 shut down.
Truckers have been on strike since that first shut down complicating matters even further.
New AI or artificial intelligence mechanisms are replacing some employees creating further logistics problems.
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Contracts are currently being negotiated and hopefully a sense of normalization will come in the near term, but the damage has been done.
We have another interruption of service that we didn’t need at a time when the dollar is weaker than it was 3 years ago this happened.
How much of an effect this will have in the markets is about to be seen.
Inflation has added to this problem. Constant price action movements in fluctuation further creates havoc in the local economy.
Decisions have to be made during a slowdown of an economy as repricing events become the norm.
https://www.latimes.com/business/story/2023-04-07/la-ports-worker-shortage
https://www.ttnews.com/articles/west-coast-shut-labor
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https://heysocal.com/2023/04/07/la-long-beach-ports-close-for-second-day-due-to-worker-shortage/
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Asset servicing digital assets news | dwpbank launches digital assets platform
Source: Dinar Recaps
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