Home » Posts tagged 'global trade' (Page 2)
Tag Archives: global trade
How to Run the Economy on the Weather
How to Run the Economy on the Weather Before the Industrial Revolution, people adjusted their energy demand to a variable energy supply. Our global trade and transport system — which relied on sail boats — operated only when the wind blew, as did the mills that supplied our food and powered many manufacturing processes. The […]
TTIP—American Economic Imperialism
TTIP—American Economic Imperialism Greenpeace has done that part of the world whose representatives are so corrupt or so stupid as to sign on to the Trans-Pacific and Trans-Atlantic “partnerships” a great service. Greenpeace secured and leaked the secret TTIP documents that Washington and global corporations are pushing on Europe. The official documents prove that my […]
China Ocean Freight Indices Plunge to Record Lows
China Ocean Freight Indices Plunge to Record Lows There’s simply no respite. Money is leaving China in myriad ways, chasing after overseas assets in near-panic mode. So Anbang Insurance Group, after having already acquired the Waldorf Astoria in Manhattan a year ago for a record $1.95 billion from Hilton Worldwide Holdings, at the time majority-owned by […]
Do Any of the Current Rallies Pass “The Sniff Test”? No.
Do Any of the Current Rallies Pass “The Sniff Test”? No. But you can’t tame the monster of speculative, legalized looting and financialization. Everything from iron ore to copper to the Baltic Dry Index to stocks to bat guano is rallying. The problem is not a single rally passes “the sniff test:” is the rally the […]
Are You Kidding Me? Chinese Exports Plunge 25.4 Percent Compared To Last Year
Are You Kidding Me? Chinese Exports Plunge 25.4 Percent Compared To Last Year We just got more evidence that global trade is absolutely imploding. Chinese exports dropped 25.4 percent during the month of February compared to a year ago, and Chinese imports fell 13.8 percent compared to a year ago. For Chinese exports, that was the worst decline that […]
The End of Globalization?
The End of Globalization? BRUSSELS – China has just announced that last year, for the first time since it began opening up its economy to the world at the end of the 1970s, exports declined on an annual basis. And that is not all; in value terms, global trade declined in 2015. The obvious question […]
Always Watched, Always Monitored, Always Recorded
Always Watched, Always Monitored, Always Recorded Trade Slump BALTIMORE – When we left you yesterday, we were discussing the War on Cash – the push by governments to abolish physical currency. It is a fraud. The idea is not to fight crime or boost the economy, as its proponents claim. It is part of a bigger campaign by the […]
21 New Numbers That Show That The Global Economy Is Absolutely Imploding
21 New Numbers That Show That The Global Economy Is Absolutely Imploding After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is […]
I’m in Awe at Just How Fast Global Trade is Unraveling
I’m in Awe at Just How Fast Global Trade is Unraveling It simply doesn’t let up. Global trade is skidding south at a breath-taking speed. China produced a doozie: The General Administration of Customs reported on Monday that in yuan terms, exports dropped 6.6% in January from a year ago while imports plunged 14.4%. In dollar […]
637 Rate Cuts And $12.3 Trillion In Global QE Later, World Shocked To Find “Quantitative Failure”
637 Rate Cuts And $12.3 Trillion In Global QE Later, World Shocked To Find “Quantitative Failure” 2016 is shaping up to be the year that everyone finally comes to terms with the fact that the monetary emperors truly have no clothes. To be sure, it’s been a long time coming. For nearly 8 years, market […]
“Worse than 2008”: World’s Largest Container Carrier on the Slowdown in Global Trade
“Worse than 2008”: World’s Largest Container Carrier on the Slowdown in Global Trade “Massive Deterioration,” the CEO called the phenomenon. “Bellwether for global trade,” that’s how the Financial Times described Maersk Lines, the world’s largest container shipping company. It’s owned by Danish conglomerate AP Møller-Maersk, which also owns, among other divisions, Maersk Oil. The conglomerate reported fourth quarter […]
“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy
“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company. To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line – the company’s […]
World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever
World’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing […]
Global Trade Collapsed In January: Bellwether South Korea Exports Crash “Most Since Lehman”
Global Trade Collapsed In January: Bellwether South Korea Exports Crash “Most Since Lehman” As the first major exporting nation to report each month, all eyes and hopeful speculative capital was glued to tonight’s South Korean trade data. After a brief respite in November, December’s drop was worrisome, but January’s just reported 18.5% crash – the most […]
Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated
Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another […]
