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shovelbum
Oct 21, 2010

Fun Shoe

MeatwadIsGod posted:

There's definitely some troubling red flags, like the fact that none of the top 20 biggest global shipping companies reported a profit for 2016, the massively underfunded state employee pensions across the country, etc.

Basically everything is fine

Is the shipping profits a red flag though? They have a lot of market incentives to lose their poo poo and build themselves into a glut jockeying for position at the slightest whiff of actual demand and their margins are generally razor-thin to begin with.

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