The Container Ship Curse?

The world’s largest container ship just entered a US port. Just in time for record low levels in the Baltic Dry Shipping Index, which is a measure of how much ships can charge. This is a classic case of how artificially low interest rates, globally, creates malinvestments, deflation, and eventually bankruptcies.
According to an article in the Daily Mail:

This post was published at Ludwig von Mises Institute on MARCH 4, 2016.

 

Leave a Reply

Your email address will not be published. Required fields are marked *