Shit happens

In the last 10 hours - 3 of my 10 largest clients cancelled the rest of the year's supplies - citing recession and their own cancelled orders as reasons - and i now officially sit on - i dunno - quite a few container loads of expensive stuff for which i have to find new takers.

Europe officially entered a recession, the US consumer confidence is at its ALL TIME LOW (since 1967, when it was started), Latin american currencies - The Reai, The Peso - have depreciated 25% - 35% in the last 2 months - Public health organizations - about 80% of the market in Latin america - have cancelled orders, stopped buying

My chinese supplier who normally makes 2000 tons a month - sold only 300 ton last month - so hes throwing material right, left and center to get rid of his stocks - but still finds no takers.

Crude oil went from 160 to what, 56 !? :) - Xylene went from 65 to 45 - Methanol from 28 to 14 - Pthalic anhyride from 70 to 35 - i can cite one thousand such cases -

One should visualize the scenario like being in one helluva party and suddenly one guy comes in (imagine a chinese guy, for good measure) with a sack of shit and throws it up into the ceiling fan - the shit hits the fan - and every1 gets a bit of it on their faces - and every1 runs like hell to take cover - but the room is bolted from outside.

Indians blame chinese, chinese blame americans, americans blame i dunno who - but its a once in a lifetime, extremely viscious incident- the pace of onset of it - and how it spread like a contagion to every corner of the globe - so quickly - is quite incredible. Lots of lessons to be learnt !

I complete 24 years of existence with tonight - Happy Birthday to me - one helluva partys is on in this shitstorm :)