G7 Industrial Production Crashing
The production of real goods in the developed nations is plummeting. Even the mighty export driven economy of Japan appears to be heading lower as though it had fallen off a cliff.
Countries must begin to encourage consumption in their own economies. To do this, they ought not to be stimulating the old credit/speculation machine called the neo-liberal financial system"
And the Baltic shipping index has returned to a down trend. Record number of cargo ships are in dry dock.
BALTIC DRY INDEX (ABOVE)
G7 INDUSTIRAL PRODUCTION
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