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Inflation Alert! Extreme and deadly floods close rail lines in Europe for months or longer and Union Pacific suspends inbound international container shipments to Chicago for a week.

Articles reviewed: https://apnews.com/article/europe-floods-954655c9382a9b8c12a230bdd8cd5b3e https://www.railfreight.com/railfreight/2021/07/16/flood-update-rail-freight-in-northwest-germany-paralysed/?gdpr=accept https://www.trains.com/trn/news-reviews/news-wire/floods-close-rail-lines-in-europe-for-months-or-longer/ https://www.cnn.com/europe/live-news/deadly-flooding-in-europe-07-16-21/index.html https://www.bbc.com/news/world-europe-57846200 First and foremost, the loss of life from th
dismal-jellyfish ๐ŸŒก๏ธ Inflation

Inflation Alert! Cass Freight Index grew 26.8% y/y in June, decelerated from the record 35.3% y/y increase in May. On a seasonally adjusted (SA) basis, the shipments index declined by 4.2% m/m in June, after a 5.9% m/m surge in May.

TL:DR - The entire transportation network is facing spikes in costs and supply shortages, and you can bet the costs will get passed down the line. More fun to look forward to over the coming months. Source The shipments component of the Cass Freight Index grew 26.8% y/
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

NSCC PROPOSED RULE CHANGE FILING โ€“ MODIFICATION TO THE RULES & PROCEDURES OF NATIONAL SECURITIES CLEARING CORPORATION IN CONNECTION WITH THE IMPLEMENTATION OF SECTION 1446(F) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (SR-NSCC-2021-009)

Source Under IRC section 1446(f), if the foreign partner has gain on the sale or exchange of a partnership interest, the purchaser/transferee of the partnership interest must withhold 10% of the amount realized on that sale or exchange, unless the transaction qualifies for a full or partial exception.
dismal-jellyfish ๐Ÿ“ฐ News