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Friday, November 14, 2008
Food shortages next?
London Banker explores the implications of the drying-up of letters of credit. Stock that larder extra well until you've heard the problem has been fixed.
4 comments:
I've got a tin of peaches. ;)
Found it "walking on the beaches looking at the peaches"?
The recent 93 percent collapse of the Baltic Dry Index (the cost of chartering bulk cargo vessels) ...has caused a bit of a stir
well it shouldn't have
& obviously no-one likes a smart-arse, but ...
"shipping freight rates (a major component in bulk commodity prices over the past few years) will collapse"
entirely predictable - and predicted !
Full marks, Nick. What do Greek shipping magnates do at times like these?
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