Here is an Odd one, I just saw this headline and thought it was so out there from what everyone (at least here on this board thinks) that I had to post it somewhere — 2010 ???
The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32% jump in charter rates by December. The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now.
To this I add:
I think that if and when the US economy ever does start to add decent Jobs in a meaningful way, this thing will snowball, but on the opposite side if we double dip into another recession then that will snowball in the opposite direction. The only thing I think is not on the table is stability.
