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| Economy |
| Revealed: The ghost fleet of the recession |
| 2009-09-15 |
| Hat tip to Bright Pebbles. 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 |
| Posted by:3dc |
| #8 "Recession is when a neighbor loses his job. Depression is when you lose yours. Recovery begins when Jimmy Carter loses his." -- Ronald Reagan |
| Posted by: Steve White 2009-09-15 14:47 |
| #7 Well, 2 consecutive quarters loss of GDP is a recession, I would say that 8 consecutive is a depression. We are almost there. |
| Posted by: DarthVader 2009-09-15 14:17 |
| #6 It's a recession when your neighbor loses his job. It's a depression when you lose your job. Quoted from someone smarter than me. |
| Posted by: whitecollar redneck 2009-09-15 13:38 |
| #5 When someone hands you a 'pick slip' Richard. |
| Posted by: Besoeker 2009-09-15 13:32 |
| #4 When does a recession become a depression? |
| Posted by: Richard of Oregon 2009-09-15 11:10 |
| #3 Impressive, but doesn't have the Wow Factor of Ulithi Atoll. |
| Posted by: ed 2009-09-15 09:14 |
| #2 Secretive? They are directly under the flight path for Changi Airport. And ships have been 'parked' there, albeit in lesser numbers, for years. |
| Posted by: phil_b 2009-09-15 08:11 |
| #1 Walmart's Chinese Navy. Hope they more there until the second coming. |
| Posted by: Besoeker 2009-09-15 03:57 |
