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
Big Banks’ Recent “Profitability” due to AIG Scam?
Even Bernie Madoff would be impressed […]
The Big Picture
Lenny Dykstra, Ex-Baseball Player, TheStreet.com Stock Tout Now Broke.
Lenny Dykstra, ex-baseball player, and options trading tout, getting house and plane repo’d. Another indication that market is bottoming out. […]