According to the September issue of World Trade magazine, we're in for several years of increased shipping rates due to the shortage of new vessel capacity coming online through the end of 2007. More than half of the breakbulk ships in the world fleet are over 20 years old and only 5% are scheduled to be replaced in the next couple of years. Experts expect rates to stay tight through 2010.
Given the high oil prices and the tight supply of container shipping capacity, wouldn't it make sense to begin the transition from a China-dependent consumer goods economy to one more focused on South of the Border production?
What better antidote than job growth is there to millions of job-hungry immigrants flooding our southern states?
Seems like a win-win to me. A growing economy in Mexico, lower shipping costs and oil consumption, less money spent on INS border patrols and mass deportations.
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1 comment:
I don't like you not in politics.
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