{"id":6690,"date":"2015-03-21T09:17:34","date_gmt":"2015-03-21T14:17:34","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6690"},"modified":"2015-03-21T09:17:34","modified_gmt":"2015-03-21T14:17:34","slug":"global-trade-grinds-to-a-crawl","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6690","title":{"rendered":"Global Trade Grinds To A Crawl"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-20\/global-trade-grinds-crawl\" target=\"_blank\">Global Trade Grinds To A Crawl<\/a><\/h3>\n<p>At the start of this month, those who contend that depression-level readings on the Baltic Dry are no longer very meaningful because at this juncture, the index simply shows the extent to which the industry is oversupplied got a rude awakening when the CEO of the company (Maersk) that handles nearly a fifth of global seaborne freight decided to ruin everyone\u2019s day by daring to suggest that in fact,\u00a0<strong>global growth is rather abysmal and will likely continue to depress demand the world over. Worse, Skou went as far as saying that the days of 10% container growth for his industry are probably gone forever and yet despite it all, he\u2019s buying more ships<\/strong>\u00a0in what FT says is an effort to \u201chelp the company maintain its market leadership position,\u201d which is of course just a nice way of saying that now many be a good time to eliminate the competition. As an aside, Skou also didn\u2019t seem to share Richard Fisher\u2019s\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2015-03-20\/market-hyper-overpriced-warns-retiring-fed-president-significiant-correction-coming\">assessment<\/a>\u00a0of the US as an \u201cepicenter\u201d of growth, saying America was \u201cgood but not great,\u201d suggesting that as Rick Santelli told Fisher, it\u2019s easy to score at the upper end of the range on a scale of 1-10 when a \u201c1\u201d basically equates to a deflationary death spiral and \u201c10\u201d just means something akin to not-collapsing.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Trade Grinds To A Crawl At the start of this month, those who contend that depression-level readings on the Baltic Dry are no longer very meaningful because at this juncture, the index simply shows the extent to which the industry is oversupplied got a rude awakening when the CEO of the company (Maersk) that [&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":[3594,202,3761,805],"class_list":["post-6690","post","type-post","status-publish","format-standard","hentry","category-economics","tag-baltic-dry-index","tag-deflation","tag-global-trade","tag-trade"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6690","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=6690"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6690\/revisions"}],"predecessor-version":[{"id":6691,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6690\/revisions\/6691"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}