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Stagnation.
Click to enlarge.
Stagnation.
Click to enlarge.
Stagnation.
Click to enlarge.
Stagnation.
Source Data:
Port of Long Beach: Statistics
Port of Los Angeles: Statistics
The X-12-ARIMA Seasonal Adjustment Program
Monday Night Futures
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Tuesday:
• No major economic releases scheduled.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 32 and DOW
futures are up 225 (fair value).
14 hours ago
2 comments:
You know, Mark, I recently saw this prediction that TEUs were going up to +8.5%. I meant to send you the article link, but it's been wild and I didn't.
In any case, I just looked at the thing, raised an eyebrow and said "I'll wait for the Snarky Mark data."
MaxedOutMama,
The article sounds exactly like something I could have written in this very post! It's uncanny!
TEU counts are basically increasing by 8.5% *if* we assume that the fully loaded containers are only 92.2% full (0.922 * 1.085 = 1).
Not only did TEU counts increase by 8.5% but a legendary sea monster of giant proportions was also released! It's not sarcasm. It's a scientific fact. Invest accordingly!
Disclaimers: The 8.5% prediction has a margin of error of 8.5% due to the stagnationary nature of this economy. This post includes sarcasm and any attempt to previously claim that it does not has been rendered null and void.
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