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> Asset prices didn't cause shipping prices across the pacific to explode almost 10X [2]

Why not? Fload the economy with dollars and people will demand goods. This increased demand will affect shipping prices.

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from what I understand, the increased demand was at least partly due to shift in spending from services so goods during the pandemic.

Then service prices should be deflating, which doesn't seem to be the case.

from what i've been reading up on the subject, the thin margin that service sector businesses operate on means many failed despite government intervention and the rest raised prices in order to make profit on lower volume, higher materials cost, and higher labor cost.

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