onlooker wrote:http://monetarywatch.com/2016/02/im-in-awe-at-just-how-fast-global-trade-is-unraveling/
Awe at how-fast-global-trade-is-unraveling/
pstarr wrote:And for you anti-peakist, anti-doomer cornie/denialists. It appears our little itty bitty shale boom was too fast, too late and too little.
pstarr wrote: Come back to me in a year and we'll chat, if you still have a job and an internet connection lol
Newfie wrote:They must, how else would they have the time to sit around and bash one another all day.
http://www.acting-man.com/?p=43347
Markets have corrected substantially since the beginning of the year as most of the gains of the past two years have been erased. According to Bloomberg, 40 out of the largest 63 markets have dropped over 20%. The image below shows the performance of markets word-wide since their most recent peaks. Most markets are in a bear market phase or are at best experiencing a strong correction. The world is red!
Where do global markets stand?
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
The International Monetary Fund (IMF) has said the global economy has weakened further and warned it was "highly vulnerable to adverse shocks".
It said the weakening had come "amid increasing financial turbulence and falling asset prices".
The IMF also noted any future prospects for global growth "could be derailed by market turbulence, the oil price crash and geopolitical conflicts".
http://www.imf.org/external/np/g20/pdf/2016/022616.pdf
Chinese exports to Brazil collapsed last month in the latest dramatic sign of the deepening recession in Latin America’s biggest economy.
Containerised exports from China to Brazil of goods ranging from automotives to textiles fell 60 per cent in January compared with a year earlier as the weak real limits Brazilians’ ability to buy imported goods, according to Maersk Line, the world’s largest shipping company. Total volume of containerised imports into Latin America’s biggest economy halved, data showed.
“What we are seeing right now from China is not only a phenomenon for Brazil, we are seeing the same all over Latin America, declining [Chinese export] volumes into all the markets,” said Antonio Dominguez, managing director for Maersk Line in Brazil, Paraguay, Uruguay and Argentina. “It has been going on for several quarters but is getting more evident as we move into [2016].”
“Whatever industry we take a look at in terms of imports into Brazil from Asia, it is on a downward trend,” said Nestor Amador, commercial director for Maersk Line in Brazil. “It seems rock bottom is yet to be hit.”
"Moody’s did the expected and finally became the third major rating agency to downgrade Brazil to junk status, with its decision to move Brazil to a Ba2 rating from a Baa3 rating. The ratings agency also affirmed the negative outlook, suggesting further steps down are likely. While this was a fairly well digested event by the market, that only led to temporary BRL weakness, the two-notch downgrade did send a strong message on the rate of deterioration in both the fiscal and political dimensions of the Brazilian economic landscape.
... The two-notch downgrade builds in the expectation of further fiscal and political deterioration, and the statement by Moody’s suggested little possibility of a reversal, and indeed the negative outlook suggests that the risk of further downgrades remains high.
We view Brazil as entrenched in a deep fiscal-political quagmire until the impeachment process can come to completion.
Tanada wrote:Considering how unreal the inflation of the markets was based mostly on government actions rather than natural economic forces the whole world needs to have a bear market for 12-36 months just to undue the false gains imposed from above.
onlooker wrote:http://theeconomiccollapseblog.com/archives/economic-recovery-13-of-the-biggest-retailers-in-america-are-closing-down-stores
Well in the US, I think it has definitely begun.
The value of goods crossing international borders plunged 13.8% in 2015 according to the Netherlands Bureau of Economic Policy Analysis’s World Trade Monitor.
Much of the slump was due to a slowdown in China and other emerging economies.
The start of 2016 sports a similar pattern....
dolanbaker wrote:onlooker wrote:http://theeconomiccollapseblog.com/archives/economic-recovery-13-of-the-biggest-retailers-in-america-are-closing-down-stores
Well in the US, I think it has definitely begun.
Those are bricks & morter stores, don't forget that online shopping has and is still booming.
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