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Shipping Delays Continue As 400m-Long Vessel Remains Grounded In Suez Canal

Dozens of ships containing a range of commodities, including much-needed oil, remain stuck behind a grounded vessel in the Suez Canal.

A 224,000-tonne ship named the Ever Given has been blocking one of the world’s busiest shipping canal for more than 24 hours.

The 400-metre-long vessel became stuck in the difficult sea route on Tuesday morning after crew lost control of the vessel amid high winds and a dust storm. Read more…..

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The Federal Reserve has trapped themselves; either they raise interest rates and bankrupt the Treasury, or they don’t raise rates, let inflation spiral out of control, and bankrupt the American people, said Peter Schiff, chief market strategist at Euro Pacific Asset Management.

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