Past week, the Suez Canal cargo blockage have drawn many eyes. The giant cargo ship has been stuck in canal, apparently leading to some $400M global trade losses per hour.
This has already put many investors on hypertension mode. While some predict, this may lead to a short term global trade crash, sending shock wave across global markets.
The past 20 years we saw global recession, inflation, real estate crash, corporate scams, 2G scams, Coal scam, Greece crisis, Brexit, demonetisation, pandemic, global lockdowns, etc.
Looking at these major crises, at least I can say that this Suez Canal crisis too would be shortlived.
Things would be back to normal. As it usually does. The show must go on…