Ernest Hemingway wrote, “How do you go bankrupt? Two ways. Gradually, then suddenly.” This path is inherent in the rags-riches-rags cycles seen in personal finance arcs to economic bubbles in freight markets.
To combat current and future uncertainty in the world, we very much like to keep the status quo, so it takes a while for consensus to build even as temperatures rise below the surface. Most times, we’re frogs sitting together in the pot. Then, once things finally boil over, the reaction...