Monday, October 27, 2008

Speaking of Shipping

We just witnessed a remote factory in turmoil, but after production the next logical step is to ship the virtually useless good across the pacific to the claws of the rabid US clownsumer in heat.

Even in the face of lower fossil fuels pricing, that ain't working out too well for folks. Here is the Baltic Dry Index. This tracks commodities shipments and has absolutely caved in like the product from an amateur hour in the soufflé baking class.

USA clownsumers not buying mass produced junk from overseas has put a damper on the shippers. If you're inclined, take a look at some stock charts of the sector and individual shippers and prepare to weep. Just ensure you don't blame it on peak oil or oil bubbles, since the oil price per barrel is quite favorable compared to three months ago...

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