By Michael Snyder After a series of stunning declines through the month of January and the first half of February, global financial markets seem to have found a patch of relative stability at least for the moment. But that does not mean that the crisis is over. On the contrary, all of the hard economic … Continue reading
A long-distance cargo train has traveled from China to Iran as part of an attempted revival of the ancient Silk Road, a trans-Asian trade route connecting the east to Europe and the Mediterranean Sea. The 32-container train, which arrived in Tehran on Monday, took 14 days to complete the 6,462 mile (10,399km) journey from China’s … Continue reading
By Michael Snyder If the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing? The Baltic Dry Index has fallen below 300 for the first time ever, and export numbers are way down for almost every major exporting nation on the entire … Continue reading
As the Baltic Dry Index (BDI) continues to crash to new record lows, an influx of ships are being parked at ports around the globe, thus threatening global trade in a crisis “worse than in 2008”. The global shipping index and industry has come under tremendous pressure as the price of oil continues to crash amid a global glut and … Continue reading
By Michael Snyder We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the … Continue reading
By Brandon Smith While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the past, the masses were so ill informed by the mainstream media during the Great Depression that most people had no idea they were … Continue reading
By Michael Snyder For the first time ever, the Baltic Dry Index has fallen under 400. As I write this article, it is sitting at 394. To be honest, I never even imagined that it could go this low. Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it … Continue reading
By M Ayhan Kose, Franziska Ohnsorge, Lei (Sandy) Ye Emerging markets face their fifth consecutive year of slowing growth. This column examines the nature of the slowdown and appropriate policy responses. Repeated downgrades in long-term growth expectations suggest that the slowdown might not be simply a pause, but the beginning of an era of weak growth … Continue reading
By Anzetse Were The World Trade Organisation (WTO) Ministerial Summit due to be held in Nairobi this week is important to Kenya for two reasons. Firstly, it’s the first WTO Summit to be held in Africa and secondly, it’s the first time the Summit is happened after what is largely considered to the failure that … Continue reading
By James Parisot China’s rise has shaken up the global order. As East Asian governments, along with the United States, remain unable to develop a mutual security agreement over disputed islands, and the US pushes the Trans-Pacific Partnership to the exclusion of China as an alternative to the stagnating World Trade Organization, East Asia is riven … Continue reading