Feb 10

MUCH WORSE than 2008!

Related info:

European Banks Are Crashing Which Will Light The Economic Collapse Fuse – Retail Apocalypse – Baltic Dry Index Keeps Crashing (Video)


“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy:

Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company.

To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line – the company’s golden goose and the world’s largest container operator – racked up $182 million in red ink last quarter and the outlook for 2016 isn’t pretty either. The company now sees demand for seaborne container transportation rising a meager 1-3% for the year. Continue reading »

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