Monday, May 20, 2024

Baltimore Harbor Update

The ship blocking the main channel for the last 2 months was refloated and moved today

Not sure to what extent the harbor is back up and running normally (it may have been even before this).

The major bridge bypassing downtown Baltimore is, of course, out for many years to come.

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When we talk about (estimated) errors, or (estimated) residuals, or shock, or impulses in macroeconomics, we have a hard time narrowing in on what they are. This is mostly because a macroeconomy is a big thing that gets shocked by a lot of stuff. 

I'm not saying this was a large shock, or even an important one for the U.S., but it's a pretty obvious one.

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