"It's Worse Than 2008": CEO Of World's Largest Shipping Company Delivers Dire Assessment Of Global Economy

"It's Worse Than 2008": CEO Of World's Largest Shipping Company Delivers Dire Assessment Of Global Economy

Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company.

To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line - the company's golden goose and the world's largest container operator - racked up $182 million in red ink last quarter and the outlook for 2016 isn't pretty either. The company now sees demand for seaborne container transportation rising a meager 1-3% for the year.

Trump’s New Hampshire Win

Looking through the New Hampshire exit poll, I was struck again by how broad Trump’s support is. Like past front-runners, he wins with moderates, but he also gets significant support from all kinds of conservatives. Unlike Cruz, whose support is heavily concentrated among the “very conservative” voters, Trump draws evenly from all ideological groups. Unlike Kasich, he is very competitive among conservative voters despite deviating from the party and movement line much more often than the Ohio governor has.

Traders Are Throwing Up All Over This Market: "It Feels Like The Algos Are Hooked Up To Tinder"

We can't stop laughing after reading this note from Bloomberg's Richard Breslow for one simple reason: in under 350 words it summarizes everything we have said since our initial "big" article from April 2009, "The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans" in which we predicted how the onslaught of HFT would make a farce of trading at the micro level, and all our posts since then condemning central bank intervention, making a mockery of fundamental analysis at the macro level.

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