To be fair as I got on the suspension side of the Bay Bridge I saw a Hyundai container ship just clearing the Golden Gate Bridge. But still the American consumption machine has ground to a halt.
So when I logged in today I saw this referenced on Mish which is absolutely stunning:
Back to back, Union Pacific's idled railcars would reach from Seattle to Albuquerque, N.M.Explain to me again how China is such a brilliant investment opportunity? They are a communist, totalitarian government whose [Edit] massive industrial complex just lost its[Edit] far and away biggest consumer; where if they don't maintain a 7% growth in GDP people starve. But the CNBC and Bloomberg talking heads say go long China. I'm obviously not as smart as they are.
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