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
Marc Faber “Sell Your Stocks and Get Drunk in 2010”
Marc Faber says S&P 500 likely to drop in 2010; years ending in “0” and mid-term election years generally are negative for stocks. […]
The Big Picture
Big Banks’ Recent “Profitability” due to AIG Scam?
Even Bernie Madoff would be impressed […]
Newsmakers
International PBX Ventures Acquires Copper/Molybdenum Mineral Claims in Chile
Acquires Claims West of Its Copaquire Copper-Molybdenum-Rhenium Project […]