Overcapacity reigns as companies splurge on the largest ships, consolidation rages, no one wants to back off.
Relentless deterioration meets stunning overcapacity.
The next stage of “Moral Hazard?”
There’s simply no respite.
Bad breath of zero-interest-rate era wafts over real economy.
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.
Overcapacity “will be even greater than in 2009.”
Global recession watch: the cleanest dirty shirt gets dirtier.