{"id":17195,"date":"2016-01-31T20:39:50","date_gmt":"2016-02-01T01:39:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17195"},"modified":"2016-01-31T20:39:50","modified_gmt":"2016-02-01T01:39:50","slug":"global-trade-collapsed-in-january-bellwether-south-korea-exports-crash-most-since-lehman","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17195","title":{"rendered":"Global Trade Collapsed In January: Bellwether South Korea Exports Crash &#8220;Most Since Lehman&#8221;"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-31\/global-trade-collapsed-january-bellwether-south-korea-exports-crash-most-lehman\" target=\"_blank\">Global Trade Collapsed In January: Bellwether South Korea Exports Crash &#8220;Most Since Lehman&#8221;<\/a><\/h3>\n<div class=\"tabs\">\u00a0As the first major exporting nation to report each month, all eyes and hopeful speculative capital was glued to tonight&#8217;s South Korean trade data. After a brief respite in November, December&#8217;s drop was worrisome, but\u00a0<strong>January&#8217;s just reported 18.5% crash &#8211; the most since the financial crisis &#8211; has only been seen during a US economic recession<\/strong>. Worse still, South Korean imports plunged over 20% in January as it appears crashing crude and cliff-diving freight indices are less about supply and more about demand (there is none) after all.<\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p>Annother red flag in the US recession looming camp&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01\/31\/20160131_SK.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01\/31\/20160131_SK_0.jpg\" alt=\"\" width=\"600\" height=\"630\" \/><\/a><\/p>\n<p>Furthermore, with China accounting for around one quarter of South Korean exports &#8211; and following a 16.5% YoY plunge in December &#8211; tonight&#8217;s headline data suggests January was a total disaster for the Chinese economy also&#8230; though later we will get the PMI data to explain everything.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global Trade Collapsed In January: Bellwether South Korea Exports Crash &#8220;Most Since Lehman&#8221; \u00a0As the first major exporting nation to report each month, all eyes and hopeful speculative capital was glued to tonight&#8217;s South Korean trade data. After a brief respite in November, December&#8217;s drop was worrisome, but\u00a0January&#8217;s just reported 18.5% crash &#8211; the most [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,4333,3761,6654,1264,740,805,4318],"class_list":["post-17195","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-crude","tag-global-trade","tag-lehman","tag-recession","tag-south-korea","tag-trade","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17195"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17195\/revisions"}],"predecessor-version":[{"id":17196,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17195\/revisions\/17196"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}