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Thursday, June 30, 2016

East Coast Ports Hit By Import Decline

 http://www.wsj.com/articles/east-coast-ports-hit-by-import-decline-1467143449

Imports slumped at some of the East Coast’s busiest ports in May, as high business inventories and shifting trade patterns that favor the West Coast curbed volumes.
On Tuesday the Port Authority of New York and New Jersey reported that May loaded imports fell to 268,861 twenty-foot equivalent units – a common measure of shipping container volume – down 4.7% from the same month last year. The total volume of containers passing through the port fell by 6.1% in May. 

 Just when the "everything is fine" narrative was on its last legs...

So basically between this, and the baltic dry index being lower than it was during the great depression, were currently...ACTIVELY in a state of collapse, but no one is blowing the alarm?!
We just sit in our homes, watching tv whilst the fire is burning our neighborhood to the ground. When we discover OURSELVES there is a fire (without news coverage) not only is there no escape, but any emergency provisions will already have vanished from the shelves!

So will it be with your investments....

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