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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 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably rising, and at last check it was hovering just above 1,100.
That is no longer the case, and just as with everything else in recent months, the Baltic Dry dead cat bounce is now over, with the BDIY topping out just above 1200 on August 4, and now back in triple digit territory, rapidly sliding back to the reality of recent record lows which a few months ago we suggested hinted that much more is wrong with global trade, and the global economy, than artificially manipulated stock markets would admit.
More importantly, a major source of confusion appears to have been resolved. Recall that as we noted on August 3, "many were wondering how it was possible that with accelerating deterioration across all Chinese asset classes, not to mention the bursting of various asset bubbles, could global shippers demand increasingly higher freight rates, an indication of either a tight transportation market or a jump in commodity demand, neither of which seemed credible. We may have the answer."
We did. To wit:
"Should the dead cat bounce in shipping rates indeed be over, and if the accelerate slide continues at the current pace, not only will shippers mothball key transit lanes, but the biggest concern for global economy, the unprecedented slowdown in world trade volumes, which we flagged a week ago, will be not only confirmed but is likely to unleash yet another global recession."
As expected, on Friday, we got confirmation that the BDIY has indeed become a lagging indicator to actual demand, when Reuters reported in its latest weekly update using data from the Shanghai Containerized Freight Index, that key shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU) in the week ended on Friday.
The collapse in rates is nothing short of a bloodbath: "it was the third consecutive week of falling freight rates on the world’s busiest route and rates are now nearly 60 percent lower than three weeks ago.
Freight rates on the world’s busiest shipping route have tanked this year due to overcapacity in available vessels and sluggish demand in goods to be transported. Rates generally deemed profitable for shipping companies on the route are at about $800-$1,000 per TEU.
Other Europe-focused freight rates did even worse, with container freight rates from Asia to ports in the Mediterranean plunging 32.1%, while those to the US West and East coast slid by 7.9% and 9.9%, respectively.
This should not come as a surprise: it was back in March when we first reported that "Global Trade Volume Tumbles Most Since 2011; Biggest Value Plunge Since Lehman."
It took the no longer discounting "market" about 6 months to figure this out. As for the culprit, no question who is at fault.
HK cargo container throughput July -9.5% yoy, recorded 13 consecutive months decline, worst in modern history.
— Simon Ting (@simonting) August 22, 2015
@simonting Singapore TEU -13.2% too, worst since Lehman crisis.
— Simon Ting (@simonting) August 23, 2015
What happens next?
Well, some, such as the world’s largest container shipping company, Maersk Line, will desperately try to no longer lose money on every transit, with a plan to raise spot freight rates by $1,000 from ports in Asia to ports in northern Europe, with effect from Sep 1. Other major container shipping companies have similar plans.
The virtually guaranteed outcome of this "strategy", as there is simply not enough demand as the world careens off the global recession cliff to offset a surge in freight costs, will be an even greater collapse in trade volumes.
The alternative, is just as bad: as we sarcastically hinted first in March:
... none of the above should alarm anyone: remember - central banks can just print trade with just the flick of a CTRL-P switch.
And then again three weeks ago when we said no need to worry because it is just a matter of time before "central planners learn how to print trade."
For now, however, printing money no longer equates to boosting global trade. In fact, easy monetary policy now appears to be backfiring, as even the "market" has figured out.
So, sarcasm aside, what really happens next, to both shipping, trade, the global economy and markets? Sadly, unless central planning finally works after 7 years of failing ever upward... this.
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As always, it's the Bad Americans.
As penance , you should go out and blow your fucking head off. Die for our sins. Start a movement. I'll cheer you on. Find other likeminded souls who hate the good ol US of A, and form a circular firing squad. I'll donate ammo.
They do murder innocents all over the globe and start a war on average EVERY 20 months - Been doing that for the last 200 years ! They are hated globally - are you aware of that ??
American politicians admire the mexican government and emulate it constantly by their actions, not by the carefully calculated words to get reelected. There are only a handful of truthtellers in politics from what I've noticed in the past 30 years or so.
Hard to make a point when the other side is too stupid to understand it.
I kick over the ant hill then I pour gasoline down the hive and exterminate them like the invading pests they are. And I don't let ants, roaches, or any other savage animal roam around my home either.
We don't have unlimited energy, food, money, medical care, and all the rest to bring all the world's filth into Western nations.
The Barbarians have Overrun the Gates!
Refugees is the word.
Tell that to native americans
I don't know... Are you starting to get that the people bombing or NAFTA/TPPing are the real invaders?
they are. When I got my sunglasses from Roddy Piper in 1994 I saw them clearly
Yeah, like the white man invading the americas, marching in with their foreign flag.
But that's different right?
Hypocrit
Not just Europe but the entire world if this economic collapse continues. The $500,000 the United States charges under the EB-5 investor visa program now turns out to be a super bargain.
Mass immigration keeps wages nailed to the floor and is privately welcomed by the UK government/elite.
Their biggest fear was a wage/inflation vicious circle, like the one which required double-digit interest rates to control in the '70s. Today that would put the vast majority of borrowers in default and implode the banking system (several times over)
another jewish tax
Hmm, I just thought of a great use for all those idle container ships..
"New immigrant crisis on the way: 185,000 migrants flood into Europe in just three months"
That's why Europe needs the economic crisis to escalate. No more money for migrants. We'll see who wants to stay when we hit the wall.
Europe needs to collapse soon. Hopefully a massive war as well. Anything to save whites from extinction on the continent from which the white race hails. No price is too high to stop the flood of non-whites into Europe.
Europe is fucked. Abandon ship! These people are not even remotely prepared to deal with millions upon millions of savage Africans and Muslims. They are going to rape this continent into 3rd world status within 15 years. Swedish and French cities are already there.
"They" were extremely effective at convincing white people to not have any children. Feminism and birth control ensured the extinction of the white race. Women wanted nicer cars and bigger houses instead of children to continue the genetic legacy their ancestors had struggled for millennia to pass down. "2 children is enough" said the soccer moms. "Replacement levels" said the yuppies. "People are destroying the environment; we're causing global warming, climate change" said the propaganda.
I'm sure the non-whites will do just fine without us. After all, there are so many thriving, peaceful, first world, productive non-white nations in the world. Whites are less than 10% of the world population and are the ONLY race that is committing mass suicide right now. All other populations are BOOMING due to abundant food, medicine, and modern technology given to them by whites.
corporate owned politicians at the local city, state levels and federal level are all for the influx
Could you imagine if the Germans had won? Clean and safe streets throughout Europe, no gypsy criminals, no Jewish parasites, and just an all around nice place where good folk are rewarded and degenerate scum bags are dealt with. It's time to recognize that not all life is valuable just because it walks on two legs. It's time to deal with the sickening parasites destroying our nations. The tolerance of of garbage like the "bloods" and the "crips" has to end. I'm sick of them. They're worthless and need to be exterminated. They can even be used for medical experiments or tortured to death. I don't care.
One can never have enough shit one doesn't need.
Just look at the USA.
When Randolph and Mortimer were ruined by the incessate selling (See USA cinema), they screamed, "we own the brokerage, we own the TRADING SPACE (PLACE), turn those machines back on!".
We saw this play out in '08. The state sponsored frauds of bond rolling, mortgage packaging, balance sheet and money expansion, financial instrument dilation had run a certain course (well directed and protected), so a plunge was in order. By doing so, the state could expand even further the supply of pretended wealth, could open the gates to open-sunshine even cheeky bond fraud, open-day pawn-shopping of dubious securities, open too every mind's reception the idea of quantitative easing or fabrication and counterfeit of the substantial. It paralled much the international easing of the consciences of the public toward enhanced interrogation. TORTURE. Torture now, torture for all. Torture the ideas, the ideals, the storehouses, the repositories of wealth. Destroy everything which everyman holds dear.
Body, Soul, Pocketbook, Conscience. All subjected to enhanced interogative technique and quantitative easing. Also called ass-whipping and asset-stripping. Read through your constitution and bills of rights (USA'ers), or habeas corpus and Rights of Man, your body of law. Like every holy and sacred scripture, it has been corrupted beyond recognition. It is like engraved granite of beautiful platitudes where just beneath it a senate violates its pronouncements in the worst way. A hard mortal beating beneath liberty's torch.
You know, of course, that the machines were turned back on and Mortimer and Randolph were made whole and even richer, while the entire body of massed humanity was diluted of their present and future assumed possessions. What a magnificent transfer device, exceeding even a star trekkers' "Beam me up!", are fiat money and a captured gov't with private federal reserve. Electronic confiscation without representation.
Funny this. That the instrument with which the Fed was endowed with trust and integrity--the substance upon which they based every action and substantiated every trade was that thin yellow line! A metal which, in the depths of men's minds and souls, constituted the absolute CALL. The call by which men could remove their confidence from an institution if ever it rotted so badly. I want my money would have immediate restitution by a restoration of equivalent gold metal. Indeed, they could redeem their saved labours and sequestered gains by exchanging paper for exceedingly rare and unique metal medallions. Enough of a vote of no-confidence and the system would be force to honorable and honest restructure.
BUT, Once having the universal esteem of their gentlemenly if stupid fellows, the RESERVE set about mentally and psychologically denigrating that by which they won their faith and place. Why not crucify the gold? Gold which early on was the great REDEMPTION, the token by which honesty was made simple for all, urbane and uncouth--began to be crushed and spit upon, thrashed and castigated, relegated to a superstition and relic. Ah! but the echoes. To the dustbin with metal and with your tiny influence in these great matters, slave!
Now WITH THE WORLD IN PRETENDED AND DIRECTED TURMOIL, where everyman is at the mercy of a strange system of trade where they have no suffrage and where their individual actions are scoffed at, and where their movements to protect what small cobbled ball of SAVING is only a tiny breath in the maelstrom--ONLY THEN and suddenly do they come to realize the wisdom of old, the O.G., the Old School, the millenial thread disregarded. GOLD. It may not be lamb's blood painted on lintels and jambs, to be observed by extraterrestrial and superhuman beings in the threshinghouse of this world's lord. It may not be staffs which mock the wizardry of this world's elite by consuming and completely vanishing its magic. It may not be tearing apart a great water so the simple and somewhat pure may pass on dry ground--but the ability to call out the scoundrels and scofflaws which host our financial institutions might have preserved this world's people from the awful depredations of this time.
We live upon a fallen planet that destroys every good and great thing AND attempts to exalt that which is contrary and froward.
Do not be surprised when find yourself weeping, wailing, and gnashing upon your teeth (at a minimum). That which we allow by subterfuge and slow dilution to overtake us, that which we invite into our HOUSE by choosing every slight evil, that which we allow to slowly scour away our poignant conscience--That is what will rule us in the end.
Kill and crucify that which will hold and protect you. Diminish those institutions which like watercraft carry you safely through your voyage with fellow travelers through this short but exquisite existence, and you will come to know what it is to be in the winepress of the lord. Among the wheat and tares in the threshing floor or TRADING PLACE of the Almighty!
Wheres " Lech Walesa" when we need him, Solidarity dammit!
Rarely would it be a more appropriate time to proclaim: Batten down the hatches!!!!
Went to Costco yesterday and stocked up on a years supply of toilet paper
Buy 2 lbs of cheese. it's cheaper. If you eat 2 lbs of cheese you won't shit for a year.
But when you do...Look out.
Word of advice: you're gonna wanna do that before you submerge next time.
It's that pesky supply and demand thing. Apparently they haven't read their Keynes because they have plenty of supply, but the proles aren't buying. Time send send Krugman out on world tour to explain that everybody needs to buy and debt doesn't matter....
It's time for another warehouse blast in China. About one a week for the next 5 years should bring down the supply of useless shit.
here you go
http://www.zerohedge.com/news/2015-08-23/caught-tape-explosion-us-weapon...
I donn't have an explosion, so will a fire in Oregon do?
http://3.bp.blogspot.com/-bIn9ZHspS3M/Vdlv2SJqv0I/AAAAAAABiQE/BmDl6YDM9Q...
Sum Ting Wong!!!
Ho Li Fuk
"If you like your container ships, you can keep your containerships."
" you didn't build that"
Ship Tu Cheep
"I discovered a flaw in the model that I perceived is the critical functioning structure that defines how the world works" -Alan Greenspan
http://www.theguardian.com/business/2008/oct/24/economics-creditcrunch-f...
Translation:
"Oops, I fucked up the world"
Failboat
the new walking dead show is on tonight, how appropriate
Really? new walking dead? Thanks for the info.My favorite show. Soon will be another walking dead, Fear of the walking dead. Won't be long till Hedge fund managers are the real walking dead.
My big fat Greek walking dead.
Just another walking dead.
Three men and a walking dead baby.
A walking dead on Elm street.
99 walking deads on the wall.
Two girls a walking dead and a pizza joint.
Things to do in Denver when your walking dead.
-1 must have been from a zombie
As " Ozzy" says, Do the Zombie Stomp.
Oh its the Fear of the Walking dead tonight. Oh well got to be sure and watch that one. Perhaps Janet Yellen can be in the show, seems the markets are fearing her possible rate hike which isn't going to happen anytime soon.
Just dump those future sustainable box homes overboard. They'll get more use from what's inside at the bottom of the sea. The shipping container housing recovery is heating up!
It's bad when people can't afford to buy chinese shit...
And now the Chinese government is allowing its main state pension fund to 'invest' in the stock market!!
Can't see how anything could go wrong with that!
Yeah, but according to the rules I read about large institutional investors, they can only buy. They can't sell once they're in.
Shipping containers double as homes in Detroit.
Why would you need shipping containers for homes in Detroit? Tens of thousands of the things (homes) empty all over the city.
They won't let them squat in the vacant homes. What kind of example would that be to people who actually pay mortgages or rent?
Shipping containers don't burn.
The globalists' vision for Amerika
Just wondering who the bagholders are on all the debt issued by the shipping companies?
That question could be asked in every asset class now!
Containers are the original securitized asset,hidden behind the master lease.
All sorts of peeps,apart from shippers, are screwed when they don't transit.
Pensions, private investors etc.
They could fill the containers with Mexicans and ship them all over the world.
Nothing like cheap labor to boost a country's economy.
Q. What's the difference between a container filled with dead Mexicans and a container filled with live Mexicans?
A. About one week.
And the smell. Wont say which is better.
Seal off the borders. Don't let anyone or anything in or out. The United States has over supply of everything it needs for the next 100 years without a damn thing from the rest of the world. Arrest the middlemen and return the US to prosperity.
Except for oil and NG, contrary to popular belief we do not have 100 years of either.
Look at technology advancement from 1980 to current, you're telling me oil is the best we can do?
The MIC and alphabet agencies have all the fun toys but they don't let us play with them, where do you think the unaccounted 8 trillion in taxpayer fiat went?
I am actually more open minded to the possibility of a Tesla type of free energy than most here but bottom line is until we see it... it doesn't exist. Not only that but if you look at all the conflict where the last of the large oil stores are it appears that TPTB find oil a dire necessity also. I completely agree though that the MIC has all kinds of toys that we have no clue about and that is less than comforting.
A lot of those toys are the equivalent of the Tiger and Tiger II tanks in WWII. When operational, they kicked total ass. But the Germans couldn't build very many of them and they required a lot of maintainence. They were costly to run.
Anyone who comes up with a Tesla like free energy solution will be killed.
Forward Oil
Backwards Oil, Forward HERTZ...
https://www.youtube.com/watch?v=FjmWeypvoQg
"Except for oil and NG, contrary to popular belief we do not have 100 years of either."
Not true.
According to the USGS back in the Carter years the US has over 3,000 years (thats three thousand) of NG just in the geopressured zone (South Louisiana and just offshore). This, according to my congressman at the time Dave Treen, resulted from test wells drilled here in Terrebonne Parish.
The Carter administration replaced the the head of the USGS with a political hack, re-wrote the final report to remove all references to the amount of NG and threw them down Orwells memory hole welding the cover shut.
If you were to suck out that much volume (or just a double digit percentage of it) what do you think will happen to the crust above the newly created void? Just look at what is happening in California with the water they are pumping out to water crops for just one year.
Lions and tigers and bears, oh my! 8 inches of slump in some places in California. Good god. Nevada's gonna be ocean front property soon. I wonder what natural contraction would be for the dehydration, during drought, of the thousand feet of clays and soils that underly the San Joaquin Valley.
"If you were to suck out that much volume (or just a double digit percentage of it) what do you think will happen to the crust above the newly created void?"
Nothing, as there will not be a "void"!
The NG is dissolved under great pressure. The could likely produce for hundreds of years before any measurable change is noticed. In their report the USGS said it was like "popping the top on a bottle of Champagne". There are hundreds of cubic Kilometers in this area. This would not be fracking. Fracking is totally unnecessary to produce from this zone which is already broken rock and sand.
You may remember this was back when Jimmy Carter (the Nuclear Engineer - actually a reactor operator - couldn't pronounce the word "nuclear", it was Nu-Q-lar - maybe that's some sort of code?). was trying to convince us that we had a "fossil fuel shortage". Instead of using this abundant NG we end up building a pisspot full of nuqular reactors now getting old, and the cost of decommissioning each will be about $2,000,000,000 each! Who is going to pay for that?
In the late 1980's 60 Minutes did a piece on this NG "deposit" but there was no reference to the huge quantity of NG.
That's what everybody keeps saying and yet we are scraping the bottom of the hash pipe at 10 million a well in the Bakken and have you seen the decline rates on the NG wells? Even after nearly a decade of this huge cheap money induced ponzi otherwise referred to as the "shale miracle" we importing oil. I think the Barnett shale provides a good example of where things are headed.
In 2013, the US was a net importer of natural gas. I haven't checked for 2014.
The entire world has an estimated 250 years worth of NG - More BS statistics from the US -" There are lies - there are damn lies and there are STATISTiCT'S " Mark Twain
100 years of eating GMO's ?? You will all be dead ! The US is never going to be prosperous again - Lockheed Martin turned over 46 billion last year alone - The US is a 'junkie' - addicted to 'perpetual' war and weapon sales !
Give them all (the chinese yutes) student loans and credit cards. Problem solved.
The future of manufacturing? Um jewish lightning?
HK cargo container throughput July -9.5% yoy, recorded 13 consecutive months decline, worst in modern history.
Interesting how facts get in the way of over confidence, complacency and denial.Yep, just like shortage in silver yet unbelievably low prices.
Relax; it's all part of Barry's rekovery plan. Very "robust," if not "awesome" if you ask me.
I guess cargo containers will now be coming down in price. Just in time for all of us to dig our holes and make our bunkers.
Anyone think the VXX (not VIX) can hit 100 this go-around?
Why not but consider the payout will be in worthless FRNs.
Won't be long until all credit is frozen like an iceberg.
Are you the reincarnated capt of the ship? You can't save her in any way?? But you see the berg, and there is/was plenty of time. Have I seen this before or did I miss one???
Yeah... the Dow should probably go down 700 points tomorrow but will it?
Anybody have any suggestions for a nice put option play based on the plummeting Baltic Dry/shipped mg sector?? I'm unfamiliar with the shipping industry but think this might be a no-brainier.
Pritty risky, because in the short term the FED and ECB can do very strange things. I've lost 30k on puts the last time because of their illegal suprise action called QE.
Can happen again and then your puts are worthless....
Well, it's likely that a lot of older containerships are going to get scrapped or parked someplace.
The same goes for the containers themselves.
Billy Bob's maritime Junkyard is about to have a big glut of low-cost inventory show up. Can't sell it for a while, but the shit's bound to be practically free, which is always good for the bottom line eventually.
Most ship breaking happens on the West coast of India. You can actually see the hulks on Google Earth.
No corporate structure, far as I know. Local hand labor and local ownership. Sorry.
This shipping info would explain perhaps why China devalued their Yuan. Shit is definitely hitting the fan.
Can't buy anything when you only make survival wages and no credit. Somebody should pick up on that instead of scratching there heads wondering whats wrong.
How's that "Global Village" working out for you morons. American wages suppressed so they fit in with lower wage/poverty wage workers of the world is really working out well don't you think. Thank gawd there is no inflation.
WORLD MARKETS COLLAPSE!
(Just practicing).
just like freight rates and the petrodollar, zero hedge's web site is becoming irrelevant, not because of the content, which is still great, but because of its slow pop up virus stupid repeat advertisements ridden server/site. Too bad.
https://getadblock.com/
You would think that some these advetising companies would realize that if they get overly aggressive and annoy the living hell out of you that you most likely boycott them rather than purchasing any of their crap. I punched the arm of a ME guy that was peddling out of Kiosk at the mall.... he actually had the nerve to grab on to my arm and try to drag me over to his lotions and potions kiosk, homey the clown don't play that shit.
Another reason to avoid malls. Aggressive kiosk troglodytes. Last time I went to one, one of them really wanted me to get "free" boot shine with some supposedly new super product for leather. No arm grabbing, but he quit when I mentioned that my boots regularly stomp around in horse shit.
I had a hard time figuring out how a micro wave oven could retail new for $29.
Consider the packaging, advertising, shipping of the unit across the Pacific and then by land to port and from port to destination, raw materials, engineering, manufacturer's overhead, retailer's overhead and profit.
The problem is the value of currencies. We cannot expect a medical Doctor to barely get by in some countries while in other countries, just an invisible line in the sand in some places, to live like a king.
This will never be resolved in the current setup and war will probably ensue as the 99% will be pissed (Rise of D. Trump in polls as an example). Central governments are too big and powerful and do not listen to their citizens. The world is tired of manipulation, to the point where people who live in areas with great agricultural possibilities with plenty of water are poor as dirt and paper pushers in anthills of urban areas have yachts, McMansions and so on.
The military will be used to protect the paper pushers, the food producers will suffer and people will die, from bombs, bullets or starvation.
All because one country can print coin and get away with it and others cannot.
Something does not make sense in this whole picture. Was it ever meant to be understood?
Divide and Conquer, so the rich can get richer.
Yeah, they own the government, education, media, history books, newspapers... and now that slavery is over they use big plans like supporting Hitler and building Hitler's Military and take us all to war to make the big money.
But they have to go to Vietnam or M.E. if they don't war in Europe...
Unless they can bring in millions of foreign migrants and have us Civil war with them... set up big government loans, and sell expensive weapons to our people.
There was NEVER a state of abundance where there was more than enough to go around. This lie was propagated by the communists for the past hundred years and things are coming to a head right now. Life is a zero sum game. Existence is a zero sum game. You either win or you watch your children starve to death in the streets.
I think humanity is about to learn some very hard lessons from the recent past that anyone with even a mediocre knowledge of history could easily see coming.
Europeans have bought enough rubber dogshit already.
I told you 3 weeks ago at the new moon in Leo that this Jupiter/Saturn closing square correlates to the conjunction in Taurus (money) conjunction in the spring of 2000 which was the dot.com crash. The opening square was 2005, top of the housing bubble. Closing square 3 weeks ago, and it locked onto Hillary's deadly Mars/Saturn/Pluto conjunction in Scorpio. She will not be President due to secret activities on a scale nobody could imagine.
And many of you mocked me.
haha and lol
Um... well... I have no idea what you just said.
Who actually believes Hitlery really wants to win? She sure doesn't act like it.
Keynesian is hard.
He meant Uranus will be very sore soon.
Who knows what to think at this point. What is clear is that Trump is close friends with the Clintons, so anyone thinking he is coming to save the day are sadly mistaken. He is doing all he can to destroy whats left of the fraud ridden GOP and get Hillary into the WH.
Trump in his own words,
https://www.youtube.com/watch?v=vgYfkvfjvn4
"Millionaires don't use astrology. Billionaires do."
J P Morgon
Hedonically and double seasonally adjusted shipping rates will now become part of core CPI.
This will replace beef as hardly anyone ever wants to eat beef now and everyone uses global shipping
This of course will help the fed to serve the peoples interest better is raisng inflation
Titanium pancakes...The "New" fashion for the "In Crowd". Eerily appropriate... How does that go, "Let them eat cake"?
...arguably one of the greatest quotes of the early 21st century:
"They can print money, but they can't print trade"
- Tyler(s)
Now you have me wondering how they can print trade. There must be a trick that they have that we haven't figured out yet.
Maybe soon they will start sending ships full of empty containers and call it trade.
Or just ship from one inventory to another. Cars from Bremen to Jekyll Island, Ga, to Barcelona and back. Walmart clothes from Vietnam to Long Beach to HK and back to Vietnam. So on and so forth. Get that pesky consumer out of the equation and just keep the goods moving.
It's what they did with stocks, when retail left and refused to come back. Just a little organizing.
Get out of the way ladys and gentlemen.
This sucker is dropping faster than a waxed lead brick!
It's clear the the era of Money Printing bubble economics is now played out! That means fundamentals will beging to take over, Central Banks have used every tool, and printed trillions to correct the 2008 bubble burst. I for one never dreamed the Central Bank Money Printers could defy gravity THIS LONG! It really has been amazing to watch the market interventions the money printing, the who criminal hoax. But NOW, NOW we are going to finally correct and price discovery will rear it's ugly head. Everybody and their sister has been trading the Central Banks Policies. If that prop is losing it's steam, then Down is the only direction possible.
I suspect, one more attempt at massive money printing and huge stock buys, index buys and direct manipulation of prices, before the end game of Price Discovery takes over.
I thought you said "fundamentalist will beging to take over,..."
Which would also make sense in both EU & USA.
After the 30% Economic crash from here, then the Welfare gets cut...
Then all the Migrants from the Middle East move to the Right Politically and become more Religious, then begin to mass & right in our Cities asking for concessions and power along with Sharia Law.
Fundamentalists took over the US in about 1913. The crazy fucking khazarians.
The Kazar elites adopted Judaism around 10th century. They have no connection to Israel, except they miggrated there now and claim to be holy inhabitants of a land no Kazar ever originated from.
So what you are saying is that the UK or European Bankers did not have contact with the USA and Alexander Hamilton when the First Bank of the United States was formed??
What are you a Hamilton Lover!!!
Some Hamilton Lover!!!
A GD Hamilton Lover!!
LOL sorry just kidding....
You mean all the Mudslimes, refugees, asylum seekers, and other assorted shitskins will either learn to accept their 2nd class citizen status in the shanty towns or they will be rounded up and sent back to die in the shitty countries their people built in whatever shit part of the world they came from in the first place.
Not exactly. I saw a video called: JFK to 911 Everything Is A Rich Man's Trick (video)
https://www.youtube.com/watch?v=U1Qt6a-vaNM
Seems that war is profitable, there is a grand network of people that only care about wealth or the interests of wealthy people. Probably lots of people are dupes and the people that die in World Wars, Vietnam, Iraq, Iraq II, Afghanistan... well it is for war profits, drug profits, for slave labor, for cutting US Labor Rates of the US Labor Force,... and for creating new slave labor.
But war works very well to pull in the Banker profits.
And Immigration can be both a cheap labor force and a flash-point to kill off 50% of all citizens.
This time it's different. Central bankers have another rabbit to pull out of the hat. They will print money to oblivion and not tell anyone they're doing it. All in on the big lie.
It's going to be a cold winter.
Trump´s timing .... is impecable !
believe me...it isnt an accident
Wow, $469 for a 20 footer.
This makes moving over to Asia and tending to my pig farm much more feasible. I can load all of my worldly posessions into two 20 footers, ship them over and then buy a few more over there for a typhoon proof home in the hills.
China is attacking the Petrodollar through trade, not currency.
That comes later.
Young fools.
Thanks Tyler...I was wondering what happened to my order from China...your picture explained everthing...
Does this mean Amazon is going to offer free shipping again for orders over $20.00?
ZH T-Shirts and Merchandise are coming from China...?
Thats Not Right! S/
me too...ordered some Chinese shit recently...never came....now I know where the shit is...
As soon as the administration is forced to publically admit there is a recession... porkulous here we come... and just in time for an election... imagine that.
Hey leftists, still Bush's fault?
Who kept Greenspan and appointed Bernanke?
uh...that would be the Zionist banksters, the uber 1%, and the Mob and MIC...
Shrub was not THAT.......uh....smart...
You mean George W "This sucker could go down" Bush? At least he gave us warning.
Bush owners' and Obama owners' fault.
If you mean 'would the world's economy be better off without the Iraq War in 2003 and the growth of ISIL after it. and the pushing of Patriot missiles up to the Russian border, forcing Moscow to grab Crimea',
Dunno. Hard to say.
Yes. And Clinton and Carter and Bush Sr and Johnson and Ford and Nixon and Obama and etc. They're all stooges.
ZZZZZZZZZZZ
Wake me up when Jim Cramer kills himself. Now THAT would tell me Sum Ting Wong...
Johnny
Any comments Krugman you fucking communist douche bag asshole?
It's those little things you have to pay attention to. Like LED bulbs, starting out at $26.95 and now selling for $5.95. Dumb ass corporations thought Americans had money left to spend. I hear those chickens coming home to roost, and it's a big flocking lot of them!
I wonder how those shipping companies are doing that bought or ordered all those LNG Tankers and Super-Max Tankers and PanaMax Tankers... are doing?
Seems like without Federal Loan Finance Guarantees they would be screwed.
As long as they're doing the Iran to China route, they could be okay.
Turn the empty cargo ships into cruise liners for Amerikan knee-grows,and Mooslims..The first,and only stop,the West coast of Afrika..
Rig em to blow, halfway out.
Artificial reefs, with a starter kit of fish food.
Can you say depression.
Sounds like a good time for West Coast longshoremen to go on strike again. Outside the improvement who'd notice the difference?
Cue the CNBC hores yelling at the fed to help them out
We created the refugee problem by bombing the shit out of all these Middle Eastern countries. People are fleeing the anarchy we left behind. Act surprised.
another jewish tax on the civilized people of the world.
Anarchy isnt chaos. Assholes are assholes you dont need a big brother bossing you around.
RIPS
Obviously, we didn't drop enough bombs.