I also heard from someone in the business that last year it cost $6,000.00 to ship a container from China, this year it costs $11,000.00. Have you seen some of the fancy stuff that their building in the oil producing countries ? That's where your money is going. All the shut downs for the Olympics in China didn't help either.
Hang on tight it's going to get a lot worse. I've lived in 7 decades, it goes up and it goes down. There is only one escape and I'm 10 - 20 years away from that. But I will look over my shoulder with a smirk on my face as I exit