Investors are trying to understand what yield curves are telling us,” said the CIO. “They listen to every word from the Fed, trying to figure out what they’re up to, whether they’ll succumb to the pressure to ease rates,” he said. “And strategists serve up all sorts of charts comparing what is happening in today’s economy with unemployment, credit spreads.” Then he paused. Smiled. “But never has China been such a big part of the global economy. Its influence dwarfs all else. Which renders history mostly meaningless. China is all that matters.”
Falling Shipping Rates And Rising Vessel Scrap Rates Point To Slowing Global Growth
The Baltic Dry Index closed at 726-handle on Friday, down 27% in the past year..