Bad breath of zero-interest-rate era wafts over real economy.
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But it “shouldn’t lead to an outright crisis,” like the Financial Crisis, “at this point in time.”
Just when you thought it couldn’t get worse…
Bitter reality is setting in.
Down 45% from where it was during the Financial Crisis!
An ugly reflection of reality.
Something is going on in the shipping business – and beyond – to create this gloom.
“Rates in many Asia export trades are in a tailspin.” And here’s why.
Overcapacity reigns as companies splurge on the largest ships, consolidation rages, no one wants to back off.
What’s going on is a sell-off in the Treasury market.