Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
US Federal Maritime Commission investigates container carriers’ “abandonment” of American agricultural industry. Weirdest Economy Ever.
None of the gloomiest predictions of how a Hard Brexit could impact UK expats in the EU has come to pass. But there are complications.
While US Farmers Struggle to Find Empty Containers for Exports.
Declining Hegemony. But still Hegemony.
Not a sign of strength, but of big economic distortions.
But the downturn in the goods-based sectors started in 2018. US exports are now down 37% from that peak, imports down 25%.
Everyone is trying to figure out how to get around the sudden hurdles.
This will become an often-played tune over the next few months, delineating how dependent Corporate America has become on China.
Is this the black-swan event people have been predicting for years?