DTEC - A Real Example Of Price Imbalance
- In terms of estimated trade volume, the actual tonnage of goods being transited across oceans, destination one of the world’s vast port complexes, the latest numbers seem quite good; if only in the same way as all recent statistics have.
- Total world trade volume in Q1 2021 was only 5.9% more than during Q1 2020. And if current estimates are anywhere close, the annual change in Q2 will have been around +21%.
- And yet, you hear how container prices have skyrocketed which, like some particular vessel rates, makes it seem like there is and has been a truly robust rebound in worldwide demand and trade.
- This brings us back to that same question we’ve been asking - of the economy - since the reopening rebound took shape last May. Once all the “money” poured into the deep contractionary hole slinks away, what does that leave the world with?
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A Real Example Of Price Imbalance