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.
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