摘要: |
"There is much turmoil in the world on many levels, from conflict, to economic challenges to energy uncertainty and social and political issues, right down to the basic, fundamental activities of moving the world's freight. The North American economy remains strong, despite predictions of a recession on the horizon." Does this sound familiar? Well, this was the lead portion of the 2019 Rate Outlook that I wrote, just before COVID took hold. These words are equally relevant today, as does the line that ".. .there are so many moving parts and indecipherable variables that predictions are in lock-step with the old adage that 'forecasts are either lucky or lousy.'"Turmoil has risen markedly, with the war in Ukraine and the ripple-effect on the cost of fuel around the globe and in the United States, coupled with the unusual circumstance of full employment, spiking inflation, and yet more predictions of a looming recession. |