Baltimore's Francis Scott Key Bridge collapses (user search)
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  Baltimore's Francis Scott Key Bridge collapses (search mode)
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Author Topic: Baltimore's Francis Scott Key Bridge collapses  (Read 3764 times)
Tekken_Guy
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« on: March 26, 2024, 12:20:00 PM »

This is a tragedy and people are still missing. Long term this could be very bad for inflation and the moving of goods.

It’s not going to drive up inflation:

https://abcnews.go.com/Business/cargo-ship-bridge-crash-baltimore-harbor-means-economy/story?id=108506177

“The bridge collapse will not meaningfully affect the U.S. Economy”, says Mark Zandi of Moody’s.
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Tekken_Guy
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« Reply #1 on: March 26, 2024, 12:26:40 PM »

This is a tragedy and people are still missing. Long term this could be very bad for inflation and the moving of goods.

It’s not going to drive up inflation:

https://abcnews.go.com/Business/cargo-ship-bridge-crash-baltimore-harbor-means-economy/story?id=108506177

“The bridge collapse will not meaningfully affect the U.S. Economy”, says Mark Zandi of Moody’s.

Thank you Baghdad Bob, very cool!

What are you talking about?
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Tekken_Guy
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« Reply #2 on: March 26, 2024, 12:34:01 PM »

It’s not just the bridge, it’s the access to the harbor that has to be considered



The Supply Chain is sensitive to these things.

This is a very different situation from COVID when supply chains were shut down entirely because people stopped working. It’s just delays which while not ideal aren’t catastrophic to supply chains.

Secondly clearing out the bridge shouldn’t take too long, maybe a week or two like with the Philadelphia tunnel?
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Tekken_Guy
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« Reply #3 on: March 26, 2024, 03:44:52 PM »

Biden is about to give an address on the matter:





You’re four hours late.
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Tekken_Guy
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« Reply #4 on: March 26, 2024, 03:54:00 PM »

Biden is about to give an address on the matter:





You’re four hours late.

Oops, Twitter somehow showed "the live event" was about to start in 13 minutes. I deleted the post.

Well it’ll be forever saved thanks to my quote tweet.
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Tekken_Guy
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« Reply #5 on: March 27, 2024, 11:52:34 PM »

"And the rockets' red glare
B-bombs bursting in air
Gave proof through the night
That our bridge was still there..."


Oops.

Kidding aside (I've laughed at the "P-Diddy blew up the bridge" memes), it's a massive hit to the Mid-Atlantic economy and transporation infrastructure plus the people that unfortunately died. As far as rebuilding to pull a number out of my backside I would think we're talking 5 years at a minimum, probably more like 8. If they have to do redesign instead of a pure rebuild it's going to be longer. There's going to be a pressing need to clean up the bay to allow the port to become functional again and that'll be first priority. Baltimore is going to lose their port for a period of time, and they're also going to lose residual economic effects from everyone that used that highway the bridge was on as well as the port as a central nexus.

As far as the federal government are going to pay full costs for this. We're not hitting up the ship's owner's insurance obligations on this, really? I know maritime shipping ownership and liability is opaque as hell on purpose, but seriously? I hope they're just planning to cover the upfront costs and then go after that aspect of it all later in a lawsuit that will roll on for years and probably get settled in the year 2036 or something.

I think the economic hit will mostly be limited to Maryland and will be fairly minor in other states. Also the port should be up and running as soon as the debris is cleared out which shouldn’t take too long.
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