A year ago, the world was staring into an economic abyss, looking at the worst contraction since the 1930s.
Today, the US and world economies are roaring, thanks to the prompt, resolute, and aggressive of the US Federal Reserve system.
This story shows how fast economic activity can rebound.
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San Francisco
March 29 (Bloomberg) -- South Korea's biggest port, overwhelmed with empty containers a year ago, is now dealing with shipping lines that have more cargo than they can carry.
Surging shipments of furniture, electronics and clothes to the U.S. and Europe, coupled with capacity cuts by shipping lines, has caused as much as 15 percent of containers to be delayed in Busan this year, often by more than a week, according to Park Jong Ho, assistant general manager at Busan International Container Terminal Co.
"With the economy recovering, we have been seeing a lot of containers that didn't make it out on time because there wasn't enough space on ships," he said.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aH.ytIOQhEgA&pos=11
