I find this both fascinating and terrifying. DB has a gut wound and conditions are only getting more trying. The WTO just drastically cut world trade projections with the addition of this statement: Typically, these kinds of years are followed by the war kinds of years.The figures should be a wake-up call for governments, WTO Director-General Roberto Azevedo said in the six-monthly trade outlook report.
Yeah, saw that. Shipping is in the shitter. Oil is swirling the bowl. Incidentally, I recently read about half of The End of Oil. Half, because it's so stunningly out-of-date, despite being ten years old, that it's completely irrelevant. It supposes an economic collapse in which there is no fracking, in which Mexico establishes a new hegemony from overseas LNG processing, in which Saudi Arabia leads a hardened OPEC. Amazing what two presidential cycles can do.