Posted on 11/04/2015 2:11:03 PM PST by amorphous
Thanks for that. Good perspective and it reinforces what I’ve heard.
“And the sudden slowdown in the trucking industry is another wildly flashing signal in our recession watch”.
2016 won’t be good. IMO Too many things are pointing down.
Thanks.
We are heading into a deflationary depression. In a couple of years you will be pining for 2015 as the good old days. Seriously stock up on food.
I went to his link and to got the same subscription window. I did see a couple of articles talking about rising shipping capacity. That’s not necessarily a good thing as it may indicate falling freight orders, or miscalculation in amount of equipment needed to service customers.
Totally agreed, and other essentials.
By 13 October the ship was listing by 20 degrees, and 88 of her 1368 containers had fallen into the sea.(snip)
On 8 January 2012, it was reported that the Rena had broken in two, and while the bow section remained firmly grounded on the reef, the split had caused both sections to slew away from each other and settle lower in the water. This caused further debris and oil to be released into the sea. By 10 January the stern section had been submerged almost completely, and on 4 April it slipped further down the reef and disappeared completely from the surface.
By June 2014, the wreck has been salvaged of approximately 77% of the initial containers. Major pieces of the wreck have been removed, those include: the entire bow section being leveled one metre below the low tide mark, removal of the 350 tonne accommodation block (down to D deck) and a major piece of port side. All fuel and oils have been removed, except for about 1 tonne of clingage. There is an ongoing search for the last container of plastic beads. During the whole salvage, more than 850 tonnes of debris has been removed from the area.
Absolutely!
Thanks for the information! It’s pretty amazing to me how many containers shifted and still remained connected.
I think every day is going to be as good as it gets for a while.
Cruz is my first choice with Trump second. But I think Trump wins the nomination because by next summer the economy will be tanking and Trump will be the one looked upon as most able to fix things.
That must have one heck of a salvage operation!
Over 5 years of M1 under a buck is incredible. QE to infinity...
I’m cornering the market on chocolate
I don’t know.
Our trade deficit with the People’s Republic of China is at an all-time high last year, and is still growing this year.
Bring back American jobs.
Thanks for the post.
Both very capable men...
Scary...
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