Companies are rerouting around South Africa to avoid militia attacks in Yemen in one of the biggest disruptions to world trade since the Covid-19 pandemic
This is the truth. We’re now in a place where prices only ratchet up… All they need is a global event, and like beats of a drum, all of the megacorps raise prices in sync
Insurance costs for sailing through the red sea are a verifiable metric, and it actually costs at least an order of magnitude more than it used to.
Are you saying the insurers are part of an international cabal of deep state global elites who actually provide lower rates to transportation companies than they state, or somehow hand over those profits freely to Wal-Mart so they can double-dip on the price gouging…???
Like bruh you can criticize price gouging without falling head-over-heels into insane crackpot conspiracy theories. Missiles are being fired, ships have to divert south around Africa, shipping gets expensive, simple as.
They did actually hijack 1 ship and have kept it and it’s crew hostage, the Galaxy Leader. While there have been misses and successful interceptions, several ships have been damaged.
When you insure ships, you take notice of these kinds of things.
Another convenient excuse for the hand of the free market to limit supply and jack up prices even further…
I mean, if buttholes are shooting missiles at boats, I think we’re beyond “convenient excuses.” Do you want to captain a ship through there by chance?
Any legitimate situation will be taken to gouge prices far beyond their actual additional costs. So yes, it is a convenient excuse.
This is the truth. We’re now in a place where prices only ratchet up… All they need is a global event, and like beats of a drum, all of the megacorps raise prices in sync
No collusion, no competition, only prices go up
Did they sink any?
Did literally one person die?
They’re firing fucking rockets at them, isn’t that bad enough?
To nearly double international shipping costs?
No, it’s not.
Lmao.
Insurance costs for sailing through the red sea are a verifiable metric, and it actually costs at least an order of magnitude more than it used to.
Are you saying the insurers are part of an international cabal of deep state global elites who actually provide lower rates to transportation companies than they state, or somehow hand over those profits freely to Wal-Mart so they can double-dip on the price gouging…???
Like bruh you can criticize price gouging without falling head-over-heels into insane crackpot conspiracy theories. Missiles are being fired, ships have to divert south around Africa, shipping gets expensive, simple as.
They did actually hijack 1 ship and have kept it and it’s crew hostage, the Galaxy Leader. While there have been misses and successful interceptions, several ships have been damaged.
When you insure ships, you take notice of these kinds of things.
https://en.m.wikipedia.org/wiki/Houthi_involvement_in_the_Israel–Hamas_war
Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…