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IF ONLY THE AVERAGE PERSON WOULD GET A CLUE ABOUT WHERE WE ARE HEADED! I KNOW THEY WON’T -- THE DESIRE FOR EVERYTHING TO BE . N O R M A L . . IS SO STRONG ! I WAS IN THE PRODUCE DEPT THIS PAST SUNDAY, THE PRODUCE GUY WAS PUTTING OUT ORGANIC MULTI COLORED CARROTS. I TOLD HIM I HAD ONLY SEEN THESE ON LINE. AFTER A BRIEF CHAT, I ASKED HIM IF THE AVERAGE CUSTOMER KNEW WHERE THINGS ARE REALLY GOING? HE SAID -- NOT AT ALL!
The real climate change. Who is in control?
Maersk container shipping company says that shipping is going to drop off a lot because the warehouses are jammed full with durable goods that aren’t selling. Also, the Baltic Dry Index is dropping pretty good. The BDI indicates what ocean shipping companies can charge for moving ore, coal, etc. It’s not any where near it’s lows, but it continues to go down. These things indicate that world business is contracting, to put it mildly.
Oil and Gasoline futures are dropping because of a huge drop in demand. Lumber futures are also dropping for the same reason. And this is construction season.
It is called the bullwhip effect.