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.
Newsmakers
International PBX Ventures Ltd. (TSX. V:PBX) Updates Copper Moly Project in Chile
Upcoming drill program on Copaquire Project in northern Chile […]
The Big Picture
It’s a Depression (Without Those Tacky Breadlines); Andy Beal’s $30 Billion Bet on Banking
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis! […]
Investing Strategy
How to PROFIT with Agriculture ETF’s
Drought and rising commodity prices sending ETF’s higher […]