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Must See: Nordea's Chart Of The Week - Collapsing US Import Demand
Every massive inventory accumulation.... has an equal and opposite effect on GDP. To all those who snickered at the earlier chart of the BDIY, we recommend you read the following brief blurb from Nordea, whose implications may put everything you have heard about a surge in GDP in Q4 and Q1 (primarily from the Goldman bull brigade) in a just slightly different light.
Cargo stagnation
We have understood that Chinese cargo ships have been told to proceed at 'wind speed', because of a collapse in US import demand - this is partly visible in the activity amongst Long Beaches shoremen - hence, is this the final proof that the inventory rebuild that drove the recovery in the autumn is OVER? Figure 1 shows the average speed amongst bulk carriers! Bulls - Watch Out!
h/t Paulo
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If that doesn't say double dip, I don't know what does.
Not to worry, it's all being flown in!
BLATANT LIE. What economic forecast are you reading?
They are deploying mules. It's the only method of delivery they could find to match economic activity.
I had read previously that cargo ships were advertently slowing down their speeds in order to decrease gas consumption seeing how oil was on the rise. Granted, the "depression" is still in effect and that's one hell of a dip, but how much of that is a result of trying to conserve go-juice?
I think fuel prices were higher in 2008 than now and the average speed was higher then. Of course, profit margin compression and a resulting effort to save fuel might be partly at fault for the current drop. I also suspect, not knowing for certain the methodology of the calculation, that ships in port my be included in the average. In that case, fewer ships moving would mean a lower average speed.
Wait a minute -- that's lower than it was in 2008. At least we're in a recovery.
if that chart is any indicator, then the last peak was a good time to bail around july 2009 when the s&p500 was about 875
875 SPY is right about were the volume started to dry up too, the Bernank took over from there.... We don't need no stinking volume, if you don't like a market that goes up everyday too bad
Buy the fucking double dip.
You are an idiot.
Everyone seems to be reasured about buying when the stock market crashes again but do you really think the Fed is going to double its balance sheet AGAIN ?
In the face of inflation ?
and rising rates that are compressing margins ?
Your sarcasm detector seems to be on the fritz.
It's on the Spitz.
"It's on the Spitz"
...... and the Witch, X 3
http://www.youtube.com/watch?v=mYQn8ewgWBI&feature=related
It must be. I posted the same thing you did yesterday and he called me one of Robo's "darlings" or something. I just LOL'ed.
Does anyone have the link to the "you are an idiot, just buy the fucking dip" video? We need to get a rerun of that, it's becoming a meme around here.
EDIT: damn, google really is your friend: "buy the dip video" worked first time
http://www.youtube.com/watch?v=jllJ-HeErjU
Here's the double dip video
http://www.youtube.com/watch?v=YWuSi00CcNk&feature=related
LOL, a true gem. Thank you.
Yes
What choice do they have? Let the big banks (their owners) go under? It's not like the Fed is answerable to the American people anyway. They got by before by being boring, now they can institute a reign of terror if need be.
Having a printing press is all great until you eventually have an inflation problem.(I know, that never happens, just use your imagination.)
Do you really think that the Fed is going to buy bonds if interest rates are shooting up in the face of real inflation ?
If interest rates start rising because of real inflation, the printing press is useless. The printing press actually makes it worse because the more bonds the fed buys, the bigger the spread is between yields and inflation.
Once peeps in my ambit start showing up w/ money I'll call inflation but everyone I know (and read about) is looking for that next dollar which never seems to show up.
Anyway, the next step is to have the ships sail around in circles ...
not sure what your point is but,
* Oil is at $89 a barrel, up 21% in the last year.
* Gold is trading at $1,413, up 23% in the last year.
* Silver is trading at $30, up 66% in the last year.
* Copper is trading at 4 per pound, up 26% in the last year.
* Corn is trading at 573 a bushel, up 49% in the last year.
* Soybeans are trading at 1,300 a bushel, up 23% in the last year.
* Wheat is trading at 779 a bushel, up 41% in the last year.
* Pork is trading at 104 a pound, up 23% in the last year.
* Beef is trading at 106 a pound, up 28% in the last year.
* Cotton is trading at 130 per pound, up 78% in the last year.
* Sugar is trading at 29 per pound, up 32% in the last year.
* Coffee is trading at 205 per pound, up 40% in the last year.
Impossible!
The Bernank says "inflation is too low, and he needs to spur more inflation," to improve things for consumers.
Bernanke says inflation rate still too lowIn other news:
Peter Schiff - It's Scary How Clueless Bernanke Is
Schiff has been marginalized by other personalities lately but he still cant be beat.
Peter Schiff is the man.
It's scary how clueless people are when they regard a paid liar as clueless.
In other words, you retards actually believe the people in charge have no idea what's going on.
The fact of the matter is that you were taught to be ruled and TPTB were taught to rule.
+1
Yeah
Just like the Soviet Union.
How did that turn out smart guy ?
"Inconceivable"! (ala Vizzini / Bernanke in the Princess Bride)
His point is simple. Nobody has any money. Try expanding your timeline more than 1 year and match it up to this:
http://65.89.18.138/fred2/series/TCMDO
OH DEAR. You forgot to mention the Dow, S&P, Nasdaq are also up great big chunks.
Just buy the fucking dips!!!
sunny
That's the producers problem, not mine. Prices in the store are steady.
Remember that Three Stooges movie when they are slaves on the ship, and there is one huge guy rowing one side of the boat by himself? They cut to the map of their ocean crossing, and the dotted line is loops?
Maybe they could try that.
that would be the reason our previous 6 versions of the fed have failed.
its more a wonder why this one hasn't failed as quickly as the others.
its all in your history books boys
You wanna talk about history? Heres some history most people could never handle, the fact that the USA declared bankruptcy in 1933 and has been in receivership ever since, US Constitution null and void from that day on. Its ALL a fucking illusion, people.
Crown 1
James Traficant bitches!!!!
http://www.afn.org/~govern/bankruptcy.html
People dont want to believe the reality of it. Thats why they had to throw Trafficant in prison to shut him up.
Yeah we were all pledged as the collateral of the US from the moment we were born and our birth (berth) certificates were issued. Every piece of property you "own" is held by the (false) gov't and used as collateral for the full faith and credit of the (false) gov't who is in receivership with the IMF and has been since 1933.
Basically TPTB no longer deal in silver and gold, they deal in flesh and blood. Those who claim thier rights as "citizens" of the United States have no rights for they have forfeited their very own individual sovereignty in exchange for nothing.
There is an answer, an escape route. But this is neither the time nor the place to speak of that.
[Having a printing press is all great until you eventually have an inflation problem.]---Spitzer
Spitzer, all you need to know is "they" will print. They always do.
They will print in the face of inflation.
They will print in the face of rising yields.
They will print in the face of failed Treasury auctions.
They will print in the face of credit rating threats.
They will print in the face of sovereign default.
They will print in the face of fierce public condemnation.
They will print in spite of political threats.
They will print. That's all you need to know. Plan accordingly.
Yes, I know.
The best part is, it wont matter even if they stop printing. It was too late for the Volker response about 5 years ago.
Wow what don't you understand?
THE US CONSUMER IS WHO DOES ALL THE PRINTING, THE HYPERINFLATION WAS AVOIDED BACK IN THE LATE 70'S WHEN CHINA WAS OPENED UP AND OUR HYPERINFLATIONARY MANUFACTURING BASE WAS GUTTED.
Yeah, and the Chinese haven't been doing hyperinflationary stupid shit.
http://www.businessinsider.com/pictures-chinese-ghost-cities-2010-12?slop=1
Sorry, opening up China was the problem and still is. They are the 13th Fed district and the Fed has no recourse but to print money to meet China's "I'll gladly pay you Tuesday for world domination today" economic theory. Let's not forget the Fed is guaranteeing China's loans in a quid pro quo maneuver for them to buy US debt after the 1998 currency crisis.
Noone mentions the correlation between the 2008 crash and the end of the Olympics when the IMF wanted their cheddar and China said, "Get it from the Fed". And behold TARP was born. Subprime loan crap was a smokescreen. The global elite refuse to admit they are wrong with the paper dragon.
QE2 = $600 Billion which I believe was the exact amount of the "Chinese stimulus". China is printing dollars a hellava lot more than the US consumer.
They have a discounted dollar for a currency(aka Food Stamp) and everyone thinks they're brilliant. They are in a bigger crash situation than the US. They are f*cked because their only options are to 1) Raise rates 2) Depeg and free float the yuan to avoid that pesky hyperinflationary manufacturing base that was handed over to them from the late '70's. Both scenarios put them in a social downward spiral.
Chinese Debt/GDP is enormous. And they ain't exactly liquid.
Bottom line is the world is shitting a BRIC.
WOW, YOU ARE A FUCKING RETARD.
GERMANY AND JAPAN HAVE TRADE SURPLUSES WITH CHINA.
GERMANY AND JAPAN HAVE HIGHER WAGES THEN THE US DOES.
Interest rates were in the mid-teens in the late 70s.
Yes, that's right. Those who think the FED will let the entire international banking system die are smoking something not very clear.
They will print, yes, they will start hyperinflation, you bet, but they will never accept a default.
Default = immediate death of everything, the FED included.
Hyperinflation = lenghty death of everything, the FED, not so sure.
What did the FED do since october 2008? Buying up time. Bernanke is not dumb to the point he actually believes the economy will improve.
Bernanke is just a puppet playing games. He perfectly knows that the economy is fucked forever.
He's just trying to gain time. What for? Dunno. Maybe for his masters to prepare. Maybe for transferring more wealth from the people to banks.
junked you.
Hyper-Inflation is impossible when the majority (80-90%) of all transactions are completed using plastic (non-physical) currency.
It will not happen. I promise.
Time? No. The event was 2008 (the fearful day on that October weekend). That was it. That was the collapse/event/doom. Now the worst is over, thankfully.
Gold is double-topping. HUGE BUBBLE!
YOU CAN'T EAT GOLD, biatchez!!!§§§
I have a Phd in economics, and I must disagree with you. Hyperinflation can happen. But the Americans will not even realize it. They are starved for cash. They will continue to use the dollar for their transactions even if it becomes worthless.
That's PhD
Ph as in Philosphy, the study of concepts that are acidic or base.
D as in Duh
Not to say you don't have one, just noting the error.
To be most exact Ph.D.
To be even exactier, Phttt.D.unce
Toathis, ewe is gonna look pretty silly going to the local store with a wheelbarrow full of credit cards.
Ummm, yeah.
Last time I missed a period there was hell to pay.
Have you ever bought something that you had to assemble via instructions? I am just sayin.....
Hyperinflation will actually make people richer. I promise.
I have a Yale PhD in economics.
Live with it, doomers!
Hyperinflation is bad when people dump their cash and use it to wipe their ass.
But today, people are starved for cash. They won't even exchange a $100 note for a 1oz gold coin. Americans do not care about your gold and silver, understood? They don't even know what it is. So hyperinflation will lighten the debt burden and encourage people to spend.
America, this great country, will come out stronger and richer of this crisis!
How do you doomers dare to steal the recovery from hard-working Americans? They don't want to hear your dooming stories, understood?
lol
if you were only talking about the dollar trading against gold, i could agree with you.
be it as though there's a dozen others that the world trades that all trade against gold i would disagree.
all fiats are in a race to the bottom, just because you crater last doesn't mean you win the prize.
hopefully you kept the receipt for that education so you can exchange it for another? or maybe just tell your dad you wanna do something else now?
im really hoping that was sarcasm
it was...
Toathis on the other hand...junk at will
TheGreatPonzi has to be a parody poster. Has to. Else, it stands for Phucking Dumbass.
"Bernanke is just a puppet playing games. He perfectly knows that the economy is fucked forever."
"America, this great country, will come out stronger and richer of this crisis!"
Your the official ZH contrarian clown right.. Tyler he needs a little theme song, the barney theme or some such..
It does sound as if he graduated with Honors.
Ewer funnie.
You're a mutt. If you have a Ph.D. I'm tinkerbelle.
Yale, eh? I had one of their locks in high school. Master does it better though.
PhD - permanent head damage.
That degree in economics will get you what? Should things really hit the fan, the college degreed will be running from or working for the "fat tonys". You know, those guys and gals who have a clue and not a degree.
junked you.
haha. The money printing is a result of the hyperinflation.(hyperdevaluation) Adding zero's on the monetary unit,(paper or virtual) is the reflexion of the loss in confidence and purchasing power of the currency.
I don't even think you believe your own bullshit, I will play along anyway.
Actually, I think that because we don't use physical currency for purchases, hyperinflation could occur much more easily. It eliminates the physical barriers that could slow its onset. No need for the proverbial wheel barrow of cash to buy a loaf of bread. Just use your debit card as you do today.
A wheelbarrow of credit cards then?
Does it hurt much when someone yanks your chain?
I won't junk you. I promise.
Ah shit. Fat finger.
Hey everybody, stop the presses!!!
This guy's got it all figured out.
Everlasting prosperity and complete freedom from want are not only possible, but overwhelmingly simple. All it takes is to form an entity that can conjure infinite money and credit (without any labor on it's own part) and then disburse it to whomever it pleases.
Something,... for nothing.
In ten thousand years of human civilization, it's never been thought of before. Hmmm, you're the first.
Holy shit dude.
Now wait a minute there Rusty, have you heard of SDRs?
Hyper-Inflation is impossible when the majority (80-90%) of all transactions are completed using plastic (non-physical) currency.
Impossible? Really? Seriously?
Got anything other than "because I say so" to back-up that rather interesting assertion?
The supposition that credit halts inflation makes no sense at all.
Simple "inflation" is driven at least by too much money or credit chasing too few goods and driving up prices on demand. So using credit is the same as spending money; prices go up under demand.
"Hyper-inflation" is a monetary fail crisis. People learn/decide/predict that the currency is worthless and demand great amounts of it in exchange for anything else of real value. Use of a credit card has no bearing.
A thought experiment: If The Bernank issued every single American adult a credit card with no limits they would every single one hit the shelves in a mad frenzy of buying and the price of everything in the country would go through the roof over night. In part because everyone would be knocking down walls to buy real stuff with fake money, so the value of real stuff goes up like a rocket. And also in part because producers would suspect that the USA was going off a cliff wearing roller skates on black ice in the dark, and would factor a premium against sovereign default into every transaction and pricing decision.
So to get to your question, Yes fail boy is still fail.
Gresham's Law - bad money is exchanged for good(s)
Cougar has growled you good.
toathis, do you just make stuff up for sport, or do you do this because of something you saw on tee vee?
Ignorance is a treatable condition, which is why you can't claim it as a disability.
I was walking around the local Super-Wal-Mart last night and I pretty much convinced myself that ignorance is hopelessly untreatable. The majority of people currently inhabiting the US are terrifyingly ignorant people.
Shut up! I'm trying to watch "The Biggest Loser."
On TV or your mirror?
LOL!
Ignorant is a good description.
But mislead also works and the results would appear the same.
The former is treatable, the later not so much.
So which is more at play in America? Ignorance or lying?
Hyper-Inflation is impossible when the majority (80-90%) of all transactions are completed using plastic (non-physical) currency.
Because... 0's and 1's are so much harder to create than pieces of paper?
Gotcha.
Oh - maybe it's because they're harder to carry around in a wheelbarrow than paper? Well....
Maybe it's because they're in such short supply. Yeah. Last I heard "peak 1" was just around the corner, and we'll have nothing but zeros left in the ground in a few years. Apparently you haven't heard about shale 1 extraction. But then I guess there could be a moratorium, what with all the environmental damage and such.
But then again, do you really need 1's? Seems like you could just use an existing 1, and add a bunch of 0's on the end if you wanted to create more money. So well, there goes the "peak 1" theory.
Or perhaps it's the plastic itself? You know plastic really is in short supply these days. It's not like you can just go to the landfill and get it or something.
Or... wait.... were you thinking that we would just rely on the wisdom of our bankers to limit the money supply?
BWAHAHAHAHAHAHAHAHA!!!!! Good one. Had me going for a minute there.
It seems like having a digital currency would make it that much easier for hyperinflation to occur. They don't even have to fire up a printing press. Just add a couple of 0s and head back to the party.
junked you.
Hyper-Inflation is impossible when the majority (80-90%) of all transactions are completed using plastic (non-physical) currency.
It will not happen. I promise.
Time? No. The event was 2008 (the fearful day on that October weekend). That was it. That was the collapse/event/doom. Now the worst is over, thankfully.
Gold is double-topping. HUGE BUBBLE!
Yep, just as stupid and nonsensical the second time around.
You promise?
What do you promise? 1000 oz of gold? Your life? Your firstborn?
Better have something to back it up, or that promise is just empty words.
I applaud your imagination for being able to exist within the confines of your illusion
I think you missed the humor of the comment. It's a reference to a prior ZeroHedge post with a funny video.
Of course its all BS Spitzer, just trying a bit of return mockery since thats all we get 24/7 from them.
My guess is that the Fed will at least double its balance sheet within the next two years. All their flim flamery has nothing to do with "the economy" it's just straight up looting. The Visigoths and Huns (AKA Primary dealers) will buy US treasuries for whatever and then sell them to the Fed at near face value and pocket the difference.
when the rule of law is suspended, it is the law of the jungle
look at Detroit's possible 20% services cuts, they cut off the water/sewer and police, but you'll still get a tax bill no doubt.
what good is money, if you have no control over its' use and/or value
if your tied into the squid, it will deduct tribute at will; as again, there is no longer a rule of law to protect your property rights
dollars are debt instruments, they are not property anyway
Ann Ryand was right, the destroyers have taken center stage and they will destroy America's money
the debt obligations to the squid entities will not be destroyed however, and they provide for their owners a portal to chattel slavery in a brave new world
Spitzer: "You are an idiot."
"I knew Eliot Spitzer. Eliot Spitzer was a friend of mine. Sir, you're no Eliot Spitzer."
Ashley Alexandra Dupre
"but do you really think the Fed is going to double its balance sheet AGAIN ?
In the face of inflation ?
and rising rates that are compressing margins ?"
That is sacrcasm too..... right???
I'm not saying your wrong, just that using that logic they wouldn't have done 99% of any of the sh*t they have pulled!
funny and not at all rambling.
Eh, buy the fucking double dip twice and then double that, dippy!
... and now, a word from the Seinfeld gang, in which George and (appropriately) Timmy go toe-to-toe over double-dipping.
http://www.youtube.com/watch?v=1J3w4cS2MvM
I literally laughed out loud.
I will be a happy man when every Pier 1 and Z Gallary are shuttered.
But, but...recovery CONFIRMED!! Hooray, buy the dip, scoop the poop...whatever.
@ragnarok
Have you looked at Pier1 over the past 18 months? Enough scha-wing to make a grown man cry.
Hmmm.... perhaps I do need some lead based nick-nacks after all. :)
I guess Pier 1 must be where all the wives go during the day when their rich elite husbands are busy buying the fucking dip.
Harry would not be happy with your wish, unless his home decor is camping aids
Aha!
Now this IS truly useful.
As many have opined, if you want to see basic information that will tell you more about the health, confidence and consumption of the widest swath of Americans (formerly known as the 'middle class'; new class descriptor still being penned), just look at the level of imports, and in particular, asian (i.e. mainly Chinese) imports.
This yield extremely accurate information about near-real time conditions of the consumer.
Finally, I'm sure that the poor FedEx numbers yesterday are just an anomaly and one time fluke in this very robust, wide and v-shaped economic recovery.
FedEx and UPS are busy because Amazon is kicking the brick and mortar stores' asses.
And Amazon is kicking butt because nobody wants to pay sales taxes. Unless you are in CA, where they are now going after us under the "use tax" clause. I have already gotten my nasty-gram in the mail.
CA just came out with a proposed "doomsday" budget, nukes just about everyone. Some of that is theater of course. But some of it is not; there ain't no mo money, honey. Unless The Bernank opens up the revolving account for Cali, the granola is gonna hit the spokes. Then it's nasty-grams for everyone.
LOL - hadn't seen that one before.
Does this mean that the ex-officials, or current officials, in Bell, California, or the probably 221 other municipalities just as corrupt as it, won't receive their full 3x to 20x salary pensions?
Wott? no no no, you dont understand, they have a "contract" see, and that cant be broken. So, sorry but that debt must be paid at any cost.
Courtesy of freakingnews.com, here's how bad it's gotten in Cali:
http://www.freakingnews.com/Pictures/4/Week-in-Pictures-December-6-12.jpg
If you were a real kitty, I would be happy to pet you and scratch you behind the ears! Good one!
They buckled pretty quick on Assange. Assuming CA doesn't alraedy have a list already, how much threat, er, persuasion would it take?
PA has the use tax also. It isn't specifically mentioned in this ad, but read into it what you will
http://www.youtube.com/watch?v=iqoCcQ-Oldk
Amazon now confisxates taxes in NY
but FedEx said it will be better next year and Bob Pisani said the stock was up on that news
Rob 'the tool' Piss-ant should follow Dennis Kneale into the ether.
CNBsC is so full of fail, it simply boggles the mind.
CNBsC has got to be a subsidized sub-network, because there is no way they could trade a profit on their miniscule (even by cable network standards) audience.
So, CNBsC is basically a subsidized propaganda arm of GE.
lying about the future is easy by design. It's history that fucks with your bottom line.
nice couplet. made me add:
did it start with tulip mania? surely by the great south sea
by way of mississippi, and the famous charlie p.
daniel drew watered his stock and enron cooked the books
but never before were we quite so sure we were run by a gang of crooks.
how about middle class = Pilfered Class
Going in circles means they're contemplating going back.
They'll go back, but they'll push their cargo over the side first. Need to keep the factories working and the workers dreaming of a middle-class lifestyle.
China is basically screwed.
+1, Not too long before those garbage islands coagulate and become sovereign nations..
Could you expand your thoughts here.. I see their totalitarian government managing expectations and possibly keeping it up as they move toward a more self sustaining economy, you see that as unlikely? I should be clear, I think the peasant class is the worry for them and if they can keep them on the farm they should weather the storm, better than us..
China is moving peasants off the farms and into cities. There was a really sad article written up a while back (sorry don't have the link) on how the State is confiscating farm land from families that have been working the same land for 35 generations (three-five, that is no typo) and giving it to Big Ag there. I don't think "keeping them on the farm" is in any way the intent.
There will be no jobs in the cities if the manufacture base implodes. No jobs means no food unless the State is handing it out on the corners. But even then, it means that the promised middle-class utopia is blown and the promise gone.
I don't think China can go back, except through upheaval. But just like us back is where they are headed. The oil-fed boom is over, everywhere. Dig in or hang on or set sail, nobody will escape it.
That is why I think China is basically screwed.
Well we need more inventory here in Peru. Any ships carrying Korean bearings are welcome to drop ´em off in Callao...
What sort of extradition and rendition treaties does Peru have out there? Starting to think South is not a bad place to be.
Last I heard (long time ago, say 3 years) you could invest $50,000 in Peru and get a passport. Rules may have changed, check your nearest Peruvian Consulate to see.
Do not know about rendition and extradition. But, Peru and the US are pretty close now.
I think if you are NOT a crook and have, say, $250,000 AND speak Spanish and can put up with glitches (lots in Peru), then you can start a business, buy a condo/townhouse and LIVE LARGE in Peru!
we've maxed out our credit cards. abandon ship!
Could also be explained by higher oil prices. The cost of fuel for these cargo ships varies as the square of the speed.
That's my thought also; if you're not in a hurry you can put quite a lot back on the bottom line by cruising at best economy rpms.
(In Chinese) "Raise the Sails!"
"But Captain, we have no sails!"
"You excuse for a stowaway, make some out of the crappy linens and artificial leadened-silk that we ship to Amerikans".
"But Sir, those are of less-than-shit quality, they won't hold!"
"Then just shut off the engines, we'll drift for a week or two!"
http://www.nytimes.com/2010/02/17/business/energy-environment/17speed.html
carnogo
good point. Though that would not correlate with the big drop off in 08, when I believe the BDI also took a dump. Oil also dropped during that 08 time frame and the shipping speeds didn't increase inversely.
sell the dip and then buy the inevitable economic recovery scheduled for next year(sarcasm off)
Buy the fukin gosh darn DIP! H.M.M.M.M.
but the Bernank says there will be no double dip and as we all know house prices never go down
Green shoots have definitely filled out into 200 foot tall redwoods here....uh yea.
Devil's advocate.. Could it also say that holiday traffic speed is in play? Anticipation of "days off" for shoreman? Traditional end to Christmas supply?
Suspicious charting can lead you to antarctica if you don't see the full map. Give us yearly data at least. (2 month historic?)
Ummmm..... that say '08 to '10
Id think with all the hyped high demand, 'best holiday retail shopping season since they kept such records in chiseled stone' and all, that the dock workers would be putting in 23.5 hour shifts!
They could have a good holiday shopping season with big price cuts moving lots of goods from inventory ... and have the docks idle if they have no intention of restocking. Essentially, sell hard into bonus season, everyone bails with big checks, and then bankruptcy and "see you in Brazil".
100% in alignment with TEOTWAWKI.
Last hurrah, it wont amount to much but take the money and run. Its over.
We're all pirates now, looting the world. The Somali's don't know jack.
@ cougar
Third World countries are used to turmoil and can function OK in times of trouble. Food comes in, yeah there are pesky strikes, etc., but a US TEOTWAWKI may not hurt the Perus and Brazils of the world as much as the USA.
Cheap down South too.
We are working full shifts 24-25 plus a few off day volunteers. Slower speed makes sense with the new ships, must be a lot of drag.
http://www.hellenicshippingnews.com/new/2010/12/18/a-%E2%80%9Cnew-generation%E2%80%9D-of-container-ships/
Americans will stop inporting when they cant afford to, when the dollar falls.
I'm thinking wind speed means slow down and burn less diesel because we don't have any new cargo to ship to the U.S. so why does this chart suggest ships are speeding along to make deadlines ? Or does this chart imply loaded ships are much slower ?
It saying that either:
1) The ports are already full of stuff people don't want
2) Take time getting here so we can liquidate current supply
3) Fuel prices are up
yep, yep, and yep
oh i get it now, the left column is knots. I thought it was number of days to get across the pacific from port to port
is there a link for the source of this story?
lol this is obvious when you export the purchasing power and economic sustainability of the middle class to other countries?
all i can say is get ready for it to get worse and i hope its all in the name of devaluation of the dollar so in 5-10 years our exports and economically competitive with china and veitnam lol
That looks like shit.