10.17.2008

Urban Survival: Next: The Shipping Plunge

I don't recall if I mentioned that a source in China had told us about week back that China had shipping stacked up several miles out to sea with nothing to do, no cargoes to load, and hence they were just swinging at anchor waiting for work?

No worries -- that particular story is staring to go mainstream as Bloomberg headlined today that "China's shipping traffic may plunge as exports slow..."

I've been saying this for a good long time - a couple of years in fact -- If you need something that's not Made in the U.S.A. it might be a good idea to get it while you can.


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