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
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Dennis Gartman is Bullish on Copper; says housing market has seen the bottom. […]
The Big Picture
Is China Dumping Commodities?
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Investing Strategy
Stealth Bull Market in Consumer Stocks
Consumers still need mobile phones, and coffee […]