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.
The Big Picture
Tim Geithner Fired By Obama?
It appears that tax cheat Tim Geithner may be out of favor with King Obama. Dot.Con Man Henry Blodget has some insight Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential! Thank you for […]
The Big Picture
Global Shippers: Recession till 2012
Global shipping leaders are bearish on world economy, and oncoming glut of new ships, with fewer customers. […]
The Big Picture
“Green Shoots” Turning Yellow
Doug Kass says economic turmoil will continue for quite a while. Causing maximum frustration for investors. […]