
Looking for the positive.
September 9, 2010
This week saw an abrupt change in the weather here in Seattle. Long gone are the 90-degree temperatures of summer and we have now settled down into the low 60’s that indicate that winter is just around the corner. Financial and economic reports over the last month have also brought a new perspective to where our economy may be headed.
While news of slowing job growth has been alarming for most, I always try to look for the positive. A key indicator of global economic activity, and believe me when I say this, is the use of shipping containers.
There has been a sharp upturn in the use of shipping containers in 2010 as reported by Moller-Maersk and DP World, two of the world’s leading container companies. The upturn in traffic of goods to and from developed and emerging economies has been exceptionally strong and a surprise to shipping analysts. This indicates that international trade is on the rise, money is changing hands and there is demand for these goods.
With so much gloom around as we head into winter, we get consumed by the negative and forget to look at the positive.
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