Posted on 08/22/2011 1:29:04 PM PDT by blam
Nine Signs That A New Global Recession Has Arrived
Posted: August 22, 2011 at 6:25 am
The Nine Signs That A New Global Recession Has Arrived
1. Shipping
Shipping is a critical indicator of global financial health because so many of the world’s goods travel by sea. This includes everything from crude oil to agricultural products to autos. Industry giant AP Moller-Maersk recently reported earnings and said demand had declined sharply. The latest data about dry bulk commodities-shipping costs, as tracked by the Baltic Dry Index, revealed that rates have fallen by a third so far this year.
Hanjin Shipping, Orient Overseas and Mitsui OSK Lines have not been able to put into effect normal surcharges that go with peak demand periods, which is an important way that the industry makes money, according to Bloomberg. That is because there simply is not enough demand for the movement of goods from nation to nation.
2. GDP Forecasts
Global economic organizations cut GDP forecasts simultaneously. The Organization for Economic Cooperation and Development’s May report on GDP improvement among its member nations said the economic expansion had faltered and the decline was expected to continue into 2012. The IMF made similar comments in June. The World Bank also expects a slowdown in global expansion and warned that prices of commodities and oil could cripple any further expansion.
Each of these groups is unrelated to the others, so the appearance of red flags from all of them is significant. Each also has the capacity to gather data from most countries around the world, which makes their research capacities unique.
3. Oil demand falls
OPEC cut forecasts for demand. Last month OPEC released a report with its predictions for the year and stated, “Concerns over debt levels in Europe
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(Excerpt) Read more at 247wallst.com ...
When did we get out of one?
We really didn’t.
QE pumped up the markets for a while.
Of course nobody in the MSM dared utter the phrase “recovery for Wall $treet but not Main Street.
Now even that has petered out.
bump.
We didn’t.
We probably would’ve been well past one if they let the system flush itself out.
Only nine??
True.
Here some Quotes:
“Depression is over” Ford 1934
“Worst of depression is over” Hoover 1930
“Depresion loosing grip” Hoover 1932
“The nation is emerging happily and rapidly from the years of deep depression” 1935 FDR
At least they actually called it a “depression”
I wasn’t aware that we were out of one, yet. So isn’t the next one a little too eager to get here?
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