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
Could Stocks Hit New Lows Soon?
Heiko Seibel: “Within a few weeks, we will see the stock lows of our lifetimes” […]
The Big Picture
“Green Shoots” Turning Yellow
Doug Kass says economic turmoil will continue for quite a while. Causing maximum frustration for investors. […]
The Big Picture
Oil: Setting up for record prices
Oil production is down sharply. Iran, Russia, etc. wild-cards for “super spike” […]