News and my thoughts from the last week (08Jul24) - shipping, Russia, Nvidia
News and my thoughts from the last week (08Jul24)
We need to be adults who can filter through the information, seek the truth and do our best for our families and countries.
The role of the media is to hold those in power accountable for the powerless. - Tucker Carlson
Greenwood said rising freight rates, shipping delays and cancellations of shipments are causing containers full of chemicals to pile up in some Asian countries and ports. China is the world’s leading exporter of chemicals, accounting for $141.3 billion (18%) of global chemical exports in 2023, according to Tendata, an international trade data consulting agency. The United States was the No. 2 global exporter of chemicals last year, accounting for $67.9 billion (8.8%) of global exports. The U.S. was the largest importer of chemicals in 2023, importing $324 billion, or 13.6%, of the total, according to TradeImeX.- FreightWaves
A gauge of global sea transport is heading for its biggest annual jump since 2010 after attacks in the Red Sea have forced ships to travel longer distances. Shipping activity measured in ton-miles is set for the second-largest annual increase. - Economic Times
The Wall Street Journal reports the country’s biggest retail bank JPMorgan is warning that it might begin charging customers for their accounts. That would impact some 86 million customers. - WSJ
Container Box rates now four times higher than pre-pandemic This is driven by the supply chain disruptions in the gulf. - Splash247
World Bank upgrades Russia to a high-income nation, estimating its gross income per capita at $14,250 annually. This comes just two years after the West imposed sanctions, Additionally, Russia now has the largest GDP in terms of purchasing power parity in Europe. - BRICS News
In the internet age, do we still need reporters?
President Putin says he takes Donald Trump's plan to end the war with Ukraine very seriously and Russia supports it. - BRICS News
Nvidia CEO Jensen Huang just sold $29.7 million worth of $NVDA shares. He's now sold $184 million over the past three weeks. NVIDIA CEO keeps selling shares. - X user Jesse Cohen
Would it be reasonable to expect both ability and accountability to be criteria for all for politicians? Performance to be tied to federal spending, with no federal deficit, the criteria for the next term. What do you vote for and how much deficit you allow would be on you?
It is possible for the stock to go either way but Tesla is one of the best companies out there. period. The macro conditions are worrisome.
The disconnect with reality will demand a price. Since so many democrats have stood up on the ability of Biden, they should stick to their claims. It is just the figurehead, no loss of control. But what happens to the Senate and lower house would be more concerning.
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To fight a war dependent on external resources is dangerous. If you need equipment and supplies from thousands of miles away, your supply chain is at risk. It is not about what Trump says. What is left of a country known for its corruption?
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