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Container shipping has cratered, as ship owners try to avoid unprofitable trips

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101–110 of 220 posts

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#101
post #9

Isn't this just a sign that the Fed's tamping-down of inflation is working?

Their plan to curtail inflation has always been demand destruction. Which means callous layoffs, unemployment, and misery for the workforce. We are just now seeing the effects, so expect it to get worse from here. We are a few more earnings misses, fumble of the debt ceiling, and another bank collapse away from a depression.

>> Their plan to curtail inflation has always been demand destruction

Callous or otherwise, demand was outstripping supply during the pandemic years. Supply could only increase if actual value could be exchanged to pay for it, but we were in a situation where not enough new value was created, and our currency inflated at the same time a lot of people demanded what was in limited supply. E.g., regardless how many inflationary dollars you were willing to pay for it, you still couldn't get a PS5. The supply has still not increased, because dollars are worth less (because everyone has more of them). So cutting demand by making dollars more expensive is the only rational decision. Anything else would be chasing a dragon down an inflationary spiral.

Tl;dr, not everyone can own the newest thing, (because there are fewer of those things than the dollars in circulation) and in order to make the value of dollars reflect that, you kind of have to chop down the demand side by making dollars more valuable / harder to obtain.

The opposite approach is exemplified by the well-meaning but catastrophic attempts over and over in countries like Argentina and Venezuela to fix prices on the supply side to enforce artificial value on an already inflated currency. It's a fool's errand.

When people say their dollars are worth less, the most obvious way to rectify that is to get other people to stop bidding prices up on shit they don't need which they're putting on credit. The only way to do that without further restricting supply is to make credit more expensive.

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#102
post #82
post #61

Earlier quoted context omitted.

The truth is, journalism has cratered. However, most are not ready to accept the truth, since they still believe the media are an essential part of democracy.

> The truth is, journalism has cratered. There's an old quote addressing exactly that: "When you’re young, you look at television and think, There’s a conspiracy. The networks have conspired to dumb us down. But when you get a little older, you realize that’s not true. The networks are in business to give people exactly what they want. That’s a far more depressing thought. Conspiracy is optimistic! You can shoot the…

Vice News used to be great and essentially apolitical. They went to interesting, dangerous places and reported what they saw by showing you what they saw. Their viewership grew rapidly.

Fast-forward. All new Vice productions are deeply and uniformly opinionated. Comparatively few people care to watch. Relative to their previous work, this later work received no significant attention and generated no revenue.

There is political groupthink in reporting ruinous to the bottom line.

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#103

Earlier quoted context omitted.

No. It’s a journalism of building up expectations and hyping up the dopamine, ie it’s barely marketing. Journalism is about reporting information. Information about future events is not information.

Of course it is. I would be furious if my local news stopped informing me that the highway will be closed for maintenance on Saturday, elections are being held on Tuesday, public schools have the day off on Thursday and the local university will be playing a championship game on Sunday.

These are all not examples of what the original comment complains about.

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#104
post #71
post #61

Earlier quoted context omitted.

The truth is, journalism has cratered. However, most are not ready to accept the truth, since they still believe the media are an essential part of democracy.

Good news reporting is an essential part of democracy. We don't have it anymore. Nobody wants to pay for it. We'll see how it goes.

Did we really stop paying for good reporting? Or did reporting get bad first, and people stopped paying after?

I'd pay for a good, reliable news source, but I can't find one at all, and I don't pay.

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#105
post #96
post #91

Earlier quoted context omitted.

You might be mixing between "giving people what they want" and "giving you what you want". The media is in the former, not latter, business.

The average person is to dumb to deserve quality reporting is another way to put what you just said. Even if that might be true, it doesn't change anything about my perception of modern journalism.

It's not about deserving. You're looking at this from a slightly odd angle. It's just saying there's no conspiracy; just market forces.

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#106
post #78

Earlier quoted context omitted.

Lamenting the unwillingness to pay for trash is a hopeless cause. The cat bites its own tale. Most news outlets I know have deteriorated so much in quality that I would never even think about paying for any of that propaganda. Give me a good, balanced, non-pliticized and honest news site, and I might consider supporting them.

You don’t actually want that or you’d be paying for it already. The problem is that most news doesn’t affect you and the majority that does only affects you in that it excites, scares or entertains you. It wasn’t that news got bad or people got more evil, it’s that the value of information cratered and now it’s not even expensive enough to come with editors.

> You don’t actually want that or you’d be paying for it already

Which one are you talking about?

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#108
post #70

What's the current price to move a container from Shenzhen to LA?

Excellent question to which there is no easy answer.

There is no site available that can give a price for which you are sufficiently sure you are getting competitive rate for which the shipment will be actually performed in the time needed. None. Closest you can get is inquire via some of the ocean carriers, 4PL sites, but you have to do this carrier by carrier and yet often you don't get comprehensive number.

Pricing in this industry is extremely opaque, indices quoted here are for the most part rough estimations, representing someone's hopes and dreams.

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#109
post #82
post #61

Earlier quoted context omitted.

The truth is, journalism has cratered. However, most are not ready to accept the truth, since they still believe the media are an essential part of democracy.

> The truth is, journalism has cratered. There's an old quote addressing exactly that: "When you’re young, you look at television and think, There’s a conspiracy. The networks have conspired to dumb us down. But when you get a little older, you realize that’s not true. The networks are in business to give people exactly what they want. That’s a far more depressing thought. Conspiracy is optimistic! You can shoot the…

It's an interesting point but one that is flaw as the market isn't open.

The problem is reverse, we thought they were giving the network what it wanted but it's clear now it's a narrative to push a world view that may or may not reflect reality.

We started with trust and moved to conspiracy:)

Re: Container shipping has cratered, as ship owners try to avoid unprofitable trips

#110
post #82
post #61

Earlier quoted context omitted.

The truth is, journalism has cratered. However, most are not ready to accept the truth, since they still believe the media are an essential part of democracy.

> The truth is, journalism has cratered. There's an old quote addressing exactly that: "When you’re young, you look at television and think, There’s a conspiracy. The networks have conspired to dumb us down. But when you get a little older, you realize that’s not true. The networks are in business to give people exactly what they want. That’s a far more depressing thought. Conspiracy is optimistic! You can shoot the…

> It's not that journalism has cratered, it only reached a level of what people are willing to consume.

I've seen this in writing from journalists and writers, and feel like this is too easy of an out. It's as if readers were in a vacuum and journalism didn't affect them in any way shape or form. I don't buy that the press and media had no hand in creating the current public's lowered expectations.

So perhaps it's what people are willing to consume now, but it's after decades and decades of market shaping and journalistic exposure. We can't just ignore that.

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