Posted on 10/20/2015 11:08:42 AM PDT by Perseverando
When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers are more difficult to fudge. Today, China accounts for more global trade than anyone else on the entire planet, and we have just learned that Chinese exports and Chinese imports are both collapsing right now. But this is just part of a larger trend. As I discussed the other day, British banking giant HSBC has reported that total global trade is down 8.4 percent so far in 2015, and global GDP expressed in U.S. dollars is down 3.4 percent. The only other times global trade has plummeted this much has been during other global recessions, and it appears that this new downturn is only just beginning.
For many years, China has been leading the revolution in global trade. But now we are witnessing something that is almost unprecedented. Chinese exports are falling, and Chinese imports are absolutely imploding…
Growth of exports from China has been dropping relentlessly, for years. Now this “growth” has actually turned negative. In September, exports were down 3.7% from a year earlier, the “inevitable fallout from China’s unsustainable and poorly executed credit splurge,” as Thomson Reuters’ Alpha Now puts it. Most of these exports are manufactured goods that are shipped by container to the rest of the world.
And imports into China – a mix of bulk and containerized freight – have been plunging: down 20.4% in September from a year earlier, after at
(Excerpt) Read more at theeconomiccollapseblog.com ...
Unexpectedly!
HOPE!!! CHANGE!!!!
SUMMER OF RECOVERY!!!!
Oh wait....
This simply cannot be true.
The TV keeps telling me over and over how GREAT! the economy has been under Obama, and that anyone that dares to dispute it is a RACIST.
When people (and especially the liberal media) need to constantly talk up the economy, that's because everyone knows it stinks.
Deflationary Depression is a more apt term for what is transpiring. Keep your eye on the BDI and it will tell you everything you need to know.
When a factory in China lays off some of their coolies should i care? Better tighten the suicide netting....
just to be on the safe side, I went outside to look...... the sky here is not falling
Very true. Bump!
you have it right...
Obama has sought to shut down the American economy, ~the hub of commerce and ideas~ and in doing so he is shutting down the global economy.
This is what makes global warfare possible.
Let it deepen and the guns will come out, nation on nation.
Every step of the way it is how do I marginal;ize and diminish America?
The fool does not recognize the importance of America.
>>Unexpectedly!
Romans 1:25+
Is Global Trade a “Created Thing”?
Same ol’ Ba’al shyte, different municipal toilet.
Chinese will nationalize everything as soon as WWIII breaks out. And we are one proxy (McCain’s Syrian rebels) away from that.
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