Re: REVEALED: The Ghost Fleet of The Recession
Originally Posted by dwightdmagee
But according to Obama, Giehtner and Bernanke, the recession is over.
..
.. You lie!
..
... A long but stunning read.
.. The truth.
.. Great post,
ZAHANMA.
Mr. ABS, please re-read this passage……….
'Demand peaked in 2005 when, with surplus tonnage worldwide standing at just 0.7 per cent, ship owners raced to order, fearing docks and berths at major shipyards would soon be fully booked. That spell of 'panic buying' has heightened today's alarming mismatch between supply and demand. Keith Wallis, East Asia editor of Lloyd's List, says, 'There was an ordering frenzy on all types of vessel, particularly container ships, because of the booming trade between Asia and Europe and the United States. It was fuelled in particular by consumer demand in the UK, Europe and North America, as well as the demand for raw materials from China.'
…….Growth is good but in moderation and only for a period of time. Regardless of the industry, it will suffer a recession sooner or later to maintain stability. There are many tentacles in a world recession and one of them is fear. You propaganda *****
!
This was a nice read though ZAHANMA
.
::Edit:: ***** = garden tool
Last edited by SRT6 Gang Member; Sep 22, 2009 at 03:50 PM.