Continuing the Pragmatic Capitalist Fest:
MUST READ: THE GHOST FLEET OF THE RECESSION
Courtesy of The Pragmatic Capitalist
We continue our keen focus on the consumer sector and the transportation sector with this fascinating piece from the Daily Mail:
The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination – and is why your Christmas stocking may be on the light side this year.
