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
Is China Dumping Commodities?
Rumors that sudden surge in shipping from China is metals such as aluminum and copper being dumped back onto world markets by speculators. This could be the sound of the commodities bubble bursting.. Story Get […]
The Big Picture
Doug Kass: “Worshipping at the altar of price momentum can be punitive to the recently converted.”
Doug Kass is Bullish on Stock Market and lays out the key elements that will likely cause some drops along the way. […]
The Big Picture
Is it a Depression, when SBUX is still in business?
When the smart money is confused….Market is at an inflection point […]