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.
Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.
I've got a tin of peaches. ;)
ReplyDeleteFound it "walking on the beaches looking at the peaches"?
ReplyDeleteThe recent 93 percent collapse of the Baltic Dry Index (the cost of chartering bulk cargo vessels) ...has caused a bit of a stir
ReplyDeletewell 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?
ReplyDelete