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A Warning For Financial Markets, From A Bridge Collapse

그리운 오공 2013. 5. 29. 20:10



Disclosure: I am short SPYIWM(More...)

Just before Memorial Day weekend, a bridge on Interstate 5, north of Seattle suddenly collapsed sending cars and people into the freezing water 50 feet below. The collapse was captured on a surveillance camera from a nearby business. Looking at the video footage, it was clear that the collapse happened in a matter of seconds with no warning.

Source: NBC News

Prior to the collapse, cars and trucks passed over the bridge at an average rate of 71,000 per day with no reported problems other than a wide load on a truck that had struck a steel beam. The damage from the wide load was relatively small in reference to the superstructure of the bridge, so how could this happen? In a nation filled with engineers, on a federally regulated highway, on a bridge that has inspections every two years, how could it be that no one was made aware of any danger?



http://seekingalpha.com/article/1464231-a-warning-for-financial-markets-from-a-bridge-collapse?source=google_news