Wednesday, November 11, 2015

Global Trade Dramatically Collapsing: “Next Major Downturn Has Officially Arrived”

"This article was written by Michael Snyder and originally published at hisEconomic Collapse blog.
Editor’s Comment: The real economy on the ground level is hurting badly. It is already happening. The numbers for commodities, global shipping and trade are all down so far that they indicate a major recession or worse, and the likelihood that darker times are still ahead. When will media “officially” tell you that the economy is toast?
Likely not until the bankers behind the scenes are prepared for the panic, from which they profit, and likely not until political timing is considered for, and all channels have been exhausted. Only then will they be ready for people to scramble for the exits in a chaos that is largely orchestrated, and also partially just burnt toast beyond recall.
We Have Never Seen Global Trade Collapse This Dramatically Outside Of A Major Recession
by Michael Snyder
If you have been watching for the next major global economic downturn, you can now stop waiting, because it has officially arrived.  Never before in history has global trade collapsed this dramatically outside of a major worldwide recession.  And this makes perfect sense – when global economic activity is increasing there is more demand for goods and services around the world, and when global economic activity is decreasing there is less demand for goods and services around the world.  So far this year, global trade is down about 8.4 percent, and over the past 30 days the Baltic Dry Index has been absolutely plummeting.  A month ago it was sitting at a reading of 809, but now it has fallen all the way to 628.  However, it is when you look at the trade numbers for specific countries that the numbers become particularly startling..."


No comments:

Post a Comment