If there’s one good indication of a phlegmatic U. S. economy and also, possibly, a global economic decline, it’s got to be the collapse of one of the ten largest global shipping companies, South Korean Hanjin Shipping. It’s a lot easier to maintain high levels of debt amidst competition when the volume of shipping is rising than when it is falling.
“It’s a lot easier to maintain high levels of debt amidst competition when the volume of shipping is rising than when it is falling.”
As a certain “cold” commenter scolded me recently – welcome to the party.
holy crap! the real story here is that Schuler is channeling Ace of Base!