ancona
Praying Mantis
Is anyone else watching the Baltic Dry Index? We're now at the lowest ever since the thing was started. Many are pointing to oversupply, but I believe it to be a result of crashing demand. I look out west to the striking dock workers and wonder what the hell those ding dongs are thinking. Who goes on strike when you're making a hundred large and getting 100% paid for platinum level health insurance and a guaranteed 80 large a year pension benefits?
Remember, these yo yo's aren't engineers, they're not doctors or lawyers, they are at best, high school graduates that got a job at the docks. While there may be a few crane operators sprinkled in here or there, the majority of these guys are just average Joe types that happened to get lucky and score a job at the wharf that pays well. Their greed is breathtaking here folks. It will serve them right if shippers decide to say fuck it all, unload in Mexico and simply move the freight with Mexican drivers along routes approved under NAFTA. As a matter of fact, the goods may become cheaper still, since I doubt that Mexican dock workers earn anything approaching a hundred large a year, and Mexican truck drivers also earn far less than their American counterparts. These guys just don't get it.![Popcorn :popcorn: :popcorn:](/data/assets/smilies/popcorn.gif)
Inventories are rising fast and folks just aren't spending like the good old days. Many are forced to use their tax refunds to pay for Obamacare they don't want, so the usual surge of car sales and iPhones this time of year ain't happening the way it did in past years.
Remember, these yo yo's aren't engineers, they're not doctors or lawyers, they are at best, high school graduates that got a job at the docks. While there may be a few crane operators sprinkled in here or there, the majority of these guys are just average Joe types that happened to get lucky and score a job at the wharf that pays well. Their greed is breathtaking here folks. It will serve them right if shippers decide to say fuck it all, unload in Mexico and simply move the freight with Mexican drivers along routes approved under NAFTA. As a matter of fact, the goods may become cheaper still, since I doubt that Mexican dock workers earn anything approaching a hundred large a year, and Mexican truck drivers also earn far less than their American counterparts. These guys just don't get it.
![Popcorn :popcorn: :popcorn:](/data/assets/smilies/popcorn.gif)
Inventories are rising fast and folks just aren't spending like the good old days. Many are forced to use their tax refunds to pay for Obamacare they don't want, so the usual surge of car sales and iPhones this time of year ain't happening the way it did in past years.