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:

  1. Anonymous14 November 2008 at 19:35

    I've got a tin of peaches. ;)

    ReplyDelete
  2. Sackerson14 November 2008 at 19:51

    Found it "walking on the beaches looking at the peaches"?

    ReplyDelete
  3. Nick Drew14 November 2008 at 21:13

    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 !

    ReplyDelete
  4. Sackerson15 November 2008 at 08:44

    Full marks, Nick. What do Greek shipping magnates do at times like these?

    ReplyDelete

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