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[bob ford <bobford79 AT yahoo.com>]

You have well put many of the questions I could only poorly manage....bobford

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--- On Sun, 11/9/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: [Homestead] The economy
> To: homestead AT lists.ibiblio.org
> Date: Sunday, November 9, 2008, 3:26 PM
> There are several indications that the worldwide economy is
> falling off a
> cliff much faster than anyone anticipated, you could say
> that the music is
> going faster than they can dance to.
> 
>  
> 
> The previously mentioned Baltic Dry Freight Index is just
> one indication.
> This is an index of the cost to move freight by sea and the
> amount of cargo
> being moved.  Just one of many things to watch.  The so
> called Capesize
> ships are the very largest cargo shops.  They get their
> name because they
> cannot use the Panama Canal which is limited to a size
> called Panamax.  Many
> are lying idle with no cargos because of the fall in
> Letters of Credit and
> the worldwide fall in trade.  Several shipping companies
> are expecting to
> idle as much as 20% of the fleet.  
> 
>  
> 
> A very bad sign for the US is the fall in China's
> economy.  China recalled
> its representative to a Peruvian conference before the
> conference started
> because of economic problems at home.  They are looking at
> an almost $600B
> stimulus package for themselves.  Where this is a problem
> for us is our own
> $700B bailout and the expected several hundred billion
> dollar stimulus
> package that is being talked about.  Where will the money
> come from with
> everyone else spending billions on their own bailouts and
> stimuli?  
> 
>  
> 
> This begs the question:  How do you solve a credit crisis
> on credit?
> 
>  
> 
> Don Bowen  KI6DIU
> 
> http://www.braingarage.com/Dons/Travels/journal/Journal.html
> 
>  
> 
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