Stocks and gold are at all-time highs. But the real economy is flashing crisis-level warnings.
One source of alternative data — cargo rates — shows that physical goods aren’t in demand.
Cargo container rates from Asia to the U.S. are back near pandemic-era levels (Source: Zerohedge)
The cost to ship cars, refrigerators, and Christmas toys has fallen back to numbers we last saw when the economy was on lockdown.
For these rates to rise, demand for goods needs to rise…. unlikely as President Trump’s tariff strategy is intended to reshore domestic production of these goods in the U.S.
Until factories come online, there will be fewer goods on the shelves. Combined with declining jobs and stubborn inflation, however, that fact may go unnoticed this holiday season.
~ Addison
P.S. We’re going live with Mark Jeftovic shortly in Grey Swan Live! today at 2 p.m. ET. We’ve received a bevy of questions about Dollar 2.0 and the future of the world’s reserve currency. Mark, Andrew and I will field them all and review your options as the U.S. dollar enters the digital age with the Trump administration’s full support.
Your money is changing as we speak. You don’t want to miss today’s Grey Swan Live!, sign up now if you haven’t done so already.
If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.
