Wednesday, May 12, 2010
These measures of ocean shipping rates continue to point to healthy demand for shipping in both the Pacific and Atlantic. That in turn translates into continued good news for global growth. The best reason to think that the Greek debt situation will not prove contagious or harmful to the rest of Europe is the fact that the global economy is strengthening. Growth is a great remedy for debt.
Posted by Scott Grannis at 4:43 PM