Recession Over? Not So Sure About That

Hat tip Bear Mountain Bull

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year.

The 'ghost fleet' near Singapore. The world's ship owners and government economists would prefer
you not to see this symbol of the depths of the plague still crippling the world's economies.