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Shipping activity between China and Europe is plunging, leading rates to fall 35%, and one key...

Shipping activity between China and Europe is plunging, leading rates to fall 35%, and one key index of Chinese containerized freight traffic to drop 12% YTD. Container shippers are responding by rapidly slashing capacity, while a Chinese transportation vice minister feels compelled to warn against "protectionism or unilateral action."  (FRO crash)
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Comments (2)
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    And so the recession indicators emerge.
    25 Nov 2011, 11:35 AM Reply Like
  • Perkins Cove
    , contributor
    Comments (646) | Send Message
     
    Yup, hard data that the world economy is going south. And our U.S. railroads are transporting coal to the west coast (for China) and keeping their car count up. Oh, did I mention the increase in some of our Class1 rails is countainers holding grain? Yup, for China!

     

    China has a lot of people to feed. While we are bombarded by news from Europe every day, China is the key to a global recession, or not.

     

    hmmmm...the VIX is climbing. Wonder why...
    25 Nov 2011, 11:54 AM Reply Like
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