boisterousbob

What's in Store for European Economies?

Macroman you continue to delight!

I found this comment in the referenced torygraph article particularly telling:

'It became difficult for the shippers to obtain routine letters of credit at the height of financial crisis over the autumn, causing goods to pile up at ports even though there was a willing buyer at the other end.'

I wonder if the nightly television pundits pumping shipping stocks as the BDI "has now bottomed" would concur!