This is a photo of one of the most expensive parking lots on the planet. Cars being brought in containers from Germany and other countries, off-loaded and parked in lots because there is no dealership that wants them, says the LA Times.
But, that is not even as fascinating as another one in that same story--the sharp drop in our leading exports through California: recycled cardboard and paper products.
This material typically goes to China, where it is used to make boxes for new electronics and other products that are sent back to the United States. But Chinese factories reacting to sharply falling demand are slowing production, so they need less cardboard. Tons of paper are piling up recycling businesses around the port, the detritus of economies on hold.
My students always find it hilarious that containers from China get here loaded with electronic gadgets, and all kinds of crap we don't need, and we send back in those containers scrap metal and paper as our exports. What is wrong with this picture, eh!
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