Collapse of Global Shipping & Trade

Collapse of Global Shipping & Trade

Posted by Jack - 14/05/09 at 04:05 am

You know those Mexicans that hang out at Home Depot parking lots looking for work? That’s the picture in Singapore as 750 freighters are idling in the water waiting for jobs – with no work to be had. New York Times has the story:The problem is global shipping has collapsed.

Leave a Reply

You must be logged in to post a comment.

WSR Recommends

   
Special Deal for Our Readers (That’s You!)

Jim Cramer: The Clown That Makes You Money

Get Rich with Fibonacci. Learn How to Use Fibonacci Analysis to Trade Better.