Commentary Markets have recovered massively in January, boosted by lower inflation and optimistic estimates of growth. The Chinese recovery is a key factor for this optimism, as well as the relief in European sentiment as the euro area may escape recession. These are factors that may prove to be a mirage for markets. All this…
Top EU Diplomat Says Europe’s Prosperity Based on Cheap Gas From Russia, Warns of ‘Perfect Storm’ Leading to ‘World Recession’
October 11, 2022
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Business & MarketsChina and Europeeconomic policieseconomyEuropeeurope russia relationsglobal recessioninflationJosep BorrellrecessionWorld
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A top diplomat said in the European Union Ambassadors’ Annual Conference that the continent has been “decoupled” due to multiple “black swan” events from its sources of prosperity and security, referring to global partners such as Russia, China, and the United States. “Our prosperity has been based on cheap energy coming from Russia. Russian gas—cheap…
Top EU Diplomat Says Europe’s Prosperity Based on Cheap Gas From Russia
October 11, 2022
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Business & MarketsChina and Europeeconomic policieseconomyEuropeeurope russia relationsglobal recessioninflationJosep BorrellrecessionWorld
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A top diplomat said in the European Union Ambassadors’ Annual Conference that the continent has been “decoupled” due to multiple “black swan” events from its sources of prosperity and security, referring to global partners such as Russia, China, and the United States. “Our prosperity has been based on cheap energy coming from Russia. Russian gas—cheap…
Freight Rates on US–China Routes Plunge Amid Rising Risk of Global Recession
September 26, 2022
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Business & MarketsChinaChina Business & EconomyChinese Regimefreight industryglobal recessionrecession
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With shipping prices falling at record rates, the number of container ships waiting offshore at the Port of Los Angeles–Long Beach has fallen to fewer than 10 from more than 100 in January. The risk of a global recession is rising, according to analysis from experts. According to Nomura Research Institute, in the first week…
Global Container Freight Rates Have Halved Since March as Demands Drop and Inflation Looms
September 15, 2022
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Business & MarketsChinaChina Business & Economycontainereconomyenergy crisisEuropeEuropean Central Bank (ECB)freightglobal recessioninflationinterest ratesInternationalU.S. Federal ReserveWorld
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Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…
Global Container Freight Rates Have Halved Since March as Demand Drops and Inflation Looms
September 15, 2022
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Business & MarketsChinaChina Business & Economycontainereconomyenergy crisisEuropeEuropean Central Bank (ECB)freightglobal recessioninflationinterest ratesInternationalU.S. Federal ReserveWorld
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Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…
Beyond Recession Probabilities
July 28, 2022
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Business & MarketsBusiness Columnistseconomic policieseconomyglobal recessioninflationMarketsrecession
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Commentary The shortened U.S. trading week restarted on the Fourth of July with an enormous bang. Not some leftover fireworks, but rather chaos, disorder, and serious illiquidity across global financials. Most of it was focused, tellingly, on commodities, those like copper and oil which have until recently “benefited” maybe the most (apart from aluminum or…
Russia Sanctions and Central Bank Policies Backfire, Hurtling America Into Economic Storm: Author
July 15, 2022
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Business & MarketsChinaCommunist Chinaeconomic policieseconomyEuropeglobal recessioninflationrecessionRussia-Ukraine WarRussian sanctionsThreat from Communist ChinaUSUS-China relationsWorld
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War sanctions against Russia, along with misguided U.S. central bank and trade policies, are likely to fuel an economic storm that will catapult America into a major crisis, an expert has warned. Michael Wilkerson—author, investor, and financial analyst—told The Epoch Times in a wide-ranging interview that the economic sanctions against Moscow combined with years of…
World’s Top Economies Face Contraction Amid Uncertainties
May 30, 2022
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2008 financial crisisChinaChina Business & Economyeconomic outlookeconomyglobal recessioninflationUSWorld
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COVID-19 restrictions, global supply chain disruptions, and the impact of the Russia-Ukraine war on energy, food, and metals prices have resulted in the shrinkage of the world’s top two economies—the United States and China. U.S. inflation remains at a 40-year high, with April’s consumer price index jumping 8.3 percent from 12 months earlier, according to…
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