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On Friday, for the first time in recorded history (according to MarineTraffic.com), there may not have been a single cargo ship in transit across the North Atlantic between Europe and North America. If true, this would have roughly the same implications for the industrial world as does a flatline on a heart monitor, for a patient in ICU. Somebody had better call a Code Blue.
Since Friday, the stock market — after the worst beginning of a year since the last Ice Age — has been creeping upward. Guess they didn’t get the memo about the Code Blue. Continue reading