GLOBAL RECESSION
“The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination ” says Daylymail.
With Baltic Dry Index 40 % below its peak ( beginning 2008), it shows that the WEST is on “saving mood”.
These empty ships should be carrying Christmas over to the West. All retailers will have already ordered their stock for the festive season long ago. With more than 92 per cent of all goods coming into the UK by sea, much of it should be on its way here if it is going to make it to the shelves before Christmas…
But retailers are running on very low stock levels, not only because they expect consumer spending to be down, but also because they simply do not have the same levels of credit that they had in the past and so are unable to keep big stockpiles.
So much for the V shaped recovery !!!
Drsoujanyapudi Said,
September 18, 2009 @ 9:15 am
GLOBAL RECESSION is all in the mind,keeping all evidences and facts aside,the panic is more created due to lack of knowledge in the same.A CAF on the above may define & decide the level of recession and the extent of damage.
DC Said,
October 5, 2009 @ 2:03 pm
GLOBAL RECESSION is all in the mind,keeping all evidences and facts aside,the panic is more created due to lack of knowledge in the same.A CAF on the above may define & decide the level of recession and the extent of damage.