Global Air Freight Sinks into Longest Recession since 2008 by Wolf Richter • Oct 11, 2019 • 27 Comments US-China trade war, falling business confidence, slowdown in China, German exports, and new: the temporary shutdown of Hong Kong’s airport, the largest cargo hub in the world.
Carmageddon for General Motors in China: Q3 Sales Collapse 30% from 2 Years Ago by Wolf Richter • Oct 10, 2019 • 58 Comments Just how important is China to GM, its Largest Market & Once Biggest Hope for Growth?
Fed Didn’t See Economic Reasons to Cut Rates, Admits Cutting for Other Reasons: My Fancy-Schmancy “Fed Hawk-o-Meter” by Wolf Richter • Oct 9, 2019 • 48 Comments Fed Sent Big-Fat Message on “U.S.-China Trade Tensions” to White House.
GM, Ford, BMW, VW, Honda Shift More Production to Mexico. Auto Imports Surge Despite Decline in US Sales by Nick Corbishley • Oct 5, 2019 • 86 Comments But Mexican exports to other countries plunge, tripped up by global auto slowdown.
Tariff-Front-Running Hits US Manufacturing, after Causing Biggest Surge since 2004 by Wolf Richter • Oct 1, 2019 • 25 Comments Supply chains begin to shift back to US suppliers, “due to tariffs.”
Drama in the Oil Markets, But This Isn’t 2007 Anymore by Wolf Richter • Sep 16, 2019 • 168 Comments How the US shale boom changed the equation. If the attacks on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy.
World Trade Skids for First Time Since Financial Crisis by Wolf Richter • Aug 25, 2019 • 56 Comments Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war.
Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations by Wolf Richter • Aug 13, 2019 • 70 Comments Here is where inflation runs hot – and it’s not imported consumer goods.
Trade War Effect: Video-Game Console Makers Microsoft, Sony & Nintendo Prepare to Move Production out of China by Adam Williams • Aug 7, 2019 • 63 Comments The bottom lines in a very competitive business are threatened.
What Plunging Global Semiconductor Sales Just Said about Autos, IT & How the Economy Reacts to Uncertainties by Wolf Richter • Aug 5, 2019 • 65 Comments The deepest plunge since the Financial Crisis, but more persistent.
