All Posts Tagged With: "ALK"

When Oil Fell and We All Got Rich

One of the unexpected benefits of a $90-a-barrel drop in the price of crude oil is a transport sector that has far less to pay for keeping things moving.  Now, of course, that savings is predicated on the assumption that there’s actually something out there to move – that manufacturers are still making things, and consumers are still buying.  These days, none of that can be taken for granted.  Consumer spending recently turned into a pumpkin

Change in Retail Sales

and went home (see chart, above).  And as for shipping, the dye has also been cast.  A look at the venerable Baltic Dry Index tells a…

19Nov2008 | Oxbury Research | Comments Off | Continued
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