Price rise for shipping containers is unbelievable -- up 500% !

After $4 trillion in Fed Credit expansion (QE) since March 2020, accompanied by an increase of $5 trillion in federal government debt, caused by deficit spending – $9 trillion in total fiscal and monetary stimulus – (similar to other nations),  Fed Chairman Powell said:

"It turns out it’s a heck of a lot easier to create demand than it is to bring supply up to snuff.”

Average port-to-port spot rates from Shanghai to Los Angeles soared from around $1,500 per 40-foot container in early 2020 (five-year average of $2,177) to $9,631 in the week ended July 8, 2021, an increase of over 500% from early 2020 (blue/green dotted line in the chart below).