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.
Investing Strategy
Gold Up Another $500 in 6 Months – John Embry
Tipping point is demand for physical gold […]
The Big Picture
Tim Geithner Fired By Obama?
It appears that tax cheat Tim Geithner may be out of favor with King Obama. Dot.Con Man Henry Blodget has some insight Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential! Thank you for […]
The Big Picture
It’s a Depression (Without Those Tacky Breadlines); Andy Beal’s $30 Billion Bet on Banking
Andy Beal: “Unemployment is going over 10%, commercial real estate hasn’t even begun collapsing and corporate credit defaults are just getting started”. A great time to be buying distressed assets from Vikram Pandit, and Ken Lewis! […]