“You have to reroute all of our coffee immediately.” Those were the words of Michael Haft, co-founder of Washington, D.C.-based Compass Coffee. It gets its coffee beans from the Port of Baltimore.
Of course, to say that Compass gets its shipments of beans from north of D.C. simplifies what is complicated and brilliant by many, many miles. As the Washington Post reported in a piece about the granular implications of the Key Bridge collapse and subsequent closure of the Port of Baltimore, the beans that bring Compass coffee drinks to life come from Kenya, Ethiopia, Indonesia, Brazil, Guatemala and Colombia.
Which requires a pivot to the Fed. About it, there will be no defense of its existence here. The Fed’s existence embarrasses common sense. To say that it’s unnecessary is a waste of words. To say that Fed officials routinely spout nonsense is a bigger waste of words.
Still, as they say even a stopped clock is right twice a day.
Read the entire article at Forbes
