America's quiet ports  FEB 02 2009

The current inactivity at Port of Long Beach is indicative of larger problems in the highly coupled global economy. Americans are buying fewer goods, including those made abroad, so no new goods are coming in to the port and those that have already arrived are sitting on the docks, including 165+ acres of Toyota cars. Because Americans are not buying foreign goods, China has slowed production. Slowed production means that they don't need cardboard boxes for packaging. Since we ship our used paper to China for recycling into cardboard boxes, hundreds of tons of paper are sitting on the docks, unshipped. The strengthening of the dollar abroad means that American made goods aren't selling and the ships hauling them are unable to leave the port. Nothing is selling anywhere so everything sits in the now-constipated port.

Read more posts on kottke.org about:
economics   video

kottke.org

Front page
About + contact
Site archives

Subscribe

Follow kottke.org on Twitter

Follow kottke.org on Tumblr

Like kottke.org on Facebook

Subscribe to the RSS feed

Advertisement

Ads by The Deck

Support kottke.org shop at Amazon

And more at Amazon.com

Looking for work?

More at We Work Remotely

Kottke @ Quarterly

Subscribe to Quarterly and get a real-life mailing from Jason every three months.

 

Enginehosting

Hosting provided EngineHosting