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Tag Archives: trade
Interest rate cuts a two-edged sword for Bank of Canada: Don Pittis
Interest rate cuts a two-edged sword for Bank of Canada: Don Pittis Another decrease could spur exports but would announce serious pessimism Conjure up an image of Bank of Canada governor Stephen Poloz in Hamlet pantaloons, hand to brow, declaiming to the middle distance: “To cut or not to cut?” A confusion of contradictory economic […]
Are Gas Shortages Coming to America?
Are Gas Shortages Coming to America? Gas shortages could be coming to America…and quickly. An unexpected fuel crisis has hit Canada. According to a Canadian blogger andauthor, not one, but two, fuel tankers were inexplicably delayed last week, and shortages ensued alarmingly quickly, with numerous gas stations running completely out of fuel within a matter […]
Biggest Crash In South Korea Exports Since 2009 Confirms Global Trade In Freefall
Biggest Crash In South Korea Exports Since 2009 Confirms Global Trade In Freefall While the market’s attention overnight was focused on China’s crumbling manufacturing and service PMI, data which was already hinted in the flash PMI reports earlier in August, the real stunner came not from China but from South Korea, which last night reported […]
Trouble South Of The Border
Trouble South Of The Border Mexico’s vulnerabilities pose a huge risk to the U.S. Too big to fail is a seven-year phenomenon created by the most powerful central banks to bolster the largest, most politically connected US and European banks. More than that, it’s a global concern predicated on that handful of private banks controlling […]
Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks
Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some […]
Low Oil Prices And China Pull The Rug From Under Latin America
Low Oil Prices And China Pull The Rug From Under Latin America When China sneezes, the world gets a cold. The world’s second largest economy is suddenly looking unstable, with economic growth slowing, the stock markets gyrating, and a surprise currency devaluation having taken worldwide markets by surprise. That could be bad news not just […]
Indonesia Impaled: Currency Crashes To 1998 Asian Crisis Low As Exports Crater
Indonesia Impaled: Currency Crashes To 1998 Asian Crisis Low As Exports Crater On Monday we laid out the rather dire road ahead for the world’s emerging economies in the face of China’s entry into the global currency wars. The path ahead is riddled with exported deflation and decreased trade competitiveness for a whole host of emerging economies […]
Where the TPP Could Lose
Where the TPP Could Lose After years of secret negotiations and silence in the media, the Trans Pacific Partnership (TPP) has risen to headline news. Now that Congress has voted to give President Obama “fast-track” trade promotion authority to push the deal through the House and Senate with limited debate and no amendments, efforts to finalize the agreement […]
Rejecting TPP a Matter of Human Rights
Rejecting TPP a Matter of Human Rights Trade deal would put Canada in consort with nation plagued by trafficking, aggressive corps Forget about the dairy farms and supply management. The real reasons Canada should withdraw from its unseemly flirtation with the Pacific Rim trade deal are that it would formalize a trade relationship with a […]
‘Perfect Storm’ Engulfing Canada’s Economy Perfectly Predictable
‘Perfect Storm’ Engulfing Canada’s Economy Perfectly Predictable Years ago Andrew Nikiforuk, citing experts, warned where Stephen Harper’s priorities would lead us. Economists, an irrational tribe of short-sighted mathematicians, are now calling Canada’s declining economic fortunes “a perfect storm.” It seems to be the only weather that complex market economies generate these days, or maybe such […]
Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week
Something Just Snapped: Container Freight Rates From Asia To Europe Crash 23% In One Week One of the few silver linings surrounding the hard-landing Chinese economy in recent weeks has been the surprising resilience and strength of the Baltic Dry Index: even as Chinese commodity demand has cratered in 2015, this “index” has more than […]
Trans-Pacific Partnership trade talks peak as Canada eyes election timing
Trans-Pacific Partnership trade talks peak as Canada eyes election timing ‘It’s hard to put out a press release during an election, let alone a 21st century trade agreement’ Pity Ed Fast’s campaign manager in Abbotsford, B.C. While most MPs running for re-election are focused on campaigning, Stephen Harper’s trade minister is in Maui, Hawaii, this […]
Shanghai Containerized Freight Index Plunges to New Low
Shanghai Containerized Freight Index Plunges to New Low One of the indicators that show that things are not all that rosy in China, or in the global economy, is the price carriers charge to ship containers from China to its big trading partners around the globe. Those prices have totally collapsed. Two factors are at work: […]
US Recession Imminent – World Trade Slumps By Most Since Financial Crisis
US Recession Imminent – World Trade Slumps By Most Since Financial Crisis As goes the world, so goes America (according to 30 years of historical data), and so when world trade volumes drop over 2% (the biggest drop since 2009) in the last six months to the weakest since June 2014, the “US recession imminent” […]
