Sunday, August 7, 2011

What Now?


Who would have guessed what happened this last week in the U.S., which of course will rattle the world wide markets.

The stocks of shipping companies of course have dropped, along with all stocks.

And now everyone is jittery, so once again shipping will be in a turmoil.

The U.S. is still a big player in the world economy, but becoming less and less, with China now becoming a dominant player.

I guess stocks will drop more in the next week.

Personally I thought the market was a bit too optimistic, but now as usual, there has probably been an overreaction.

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