The -50% Port Strike, Inflation, & Recession.

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- A potential port strike starting October 1st could severely impact the US economy just before the critical holiday shopping season and the 2024 election.
- The strike involves 45,000 dock workers across 36 ports from Maine to Texas, affecting roughly 50% of US seaborne imports.
- Estimates suggest the strike could reduce GDP growth by 1% in 50 days, with significant implications for inflation and stock markets.

- The strike is driven by concerns over automation and demands for higher pay raises, amid already strained shipping margins due to global economic conditions.
- Previous strikes and historical context, like the introduction of container shipping in the 1950s, highlight long-term industry impacts despite initial job displacement fears.

- The Biden administration has no current plans to intervene using the Taft-Hartley Act, historically used by presidents to end such strikes, potentially leading to prolonged economic disruption.

- Potential impacts of the strike include increased air and rail freight costs, with implications for company margins rather than direct consumer price inflation.
- Longer strikes through the election and holiday season could exacerbate economic challenges, particularly for retailers and industries reliant on timely shipments.

- While a prolonged strike could lead to market volatility and margin pressures for companies, it's unlikely to directly cause consumer price inflation, focusing instead on higher costs for shipping and logistics.

- Conclusion: The strike's potential economic impacts include margin pressures for companies and potential market volatility, with longer strikes posing greater risks as the holiday season approaches.

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[AdrizzBeer]

So much happiness and joy $47k weekly returns has been life changing. AWESOME GOD I now have a house and can now afford anything for my family even with my Retirement..

[SaraBenjamin-iu]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in 2024 with the markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[WillDeMuth]

I work by port elizabeth nj. it is dead here

[Username]

The union and company negotiatiors haven't met for 3 months. This will be entertaining.

[SaraJacobs-fx]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Stacey James.

[somedude]

Wow Jim, so tomorrow you're going to be bullish? "Bullish AF, the FED let out a fart, time to buy!!!"

[guillaumel]

Stop using the term black swan. A black swan is a 6 sigma event. A port strike is definitely not six sigma lol.

[alexlopez]

Next video: “I’m bullish and going all in the market with ATH’s!” ….

[nunobartolo]

Do these port dudes not understand ai and robotics already replaced entire ports in Asia and Europe, strikes like this only end with automation

[WestonStruzzi]

Given the rate cut, what strategy would you say is the most effective at this time? My portfolio allocation includes 20% in index funds, 20% in CDs, and 30% in bonds and T-bills. I want to investigate strategies that could leverage a potential bubble.

[FrankGallagherr]

Who thinks Harris is 1000X worse than Biden

[LavMaria-ei]

From $6K to $73K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[akitadaytrader]

That’s union that has a starting pay 100k plus benefits out of high school worry that they are getting screwed😂😂😂. When I graduated with my logistics degree and started as a manager of those workers with 50k salary and they were at 40-50% above it I didn’t think that I needed to strike. Work harder yes but this whole relationship is about getting paid for doing minimal labor

[Rhecht]

Wow, I'm the first view. I feel honored!

[aaa]

Sky falling sky falling sell all stocks!!! - Not. Another Kevin’s doomsday video

[blipblop]

Asking for a substantial raise in this kind of economy is wild

[richardhay]

If there is no strike, that inventory buildup could lead to some big pre- and post-Christmas sales!

[NatesHomeTours]

Stock holders will not allow companies like Walmart to eat the rising cost of getting inventory. Prices will go up and we will be right back where we were with high inflation and the FED will have to raise rates again.

[plantvids]

Air cargo rates while Boeing is on strike as well 😂

[leggoego]

ILA sure not helping themselves in the case against automation. 77%? No desire to negotiate? This is a long term big brain play by the shipping companies to speed up automation.