Shipping up. An optimistic economic indicator. Really

Flickr photo by wirralwater

Containers are stacking up in Asian ports because there isn’t enough shipping capacity to send them to US and Europe.

Shipping companies had idled ships due to the recession. Now they’re scrambling to catch up.

As is obvious, we aren’t overly perky here about the economic situation. However, this ramp-up in shipping is a genuinely optimistic indicator.

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