Submitted by Mish Shedlock of Mish Talk
Class 8 Truck Orders Plunge 39%; Large Truck Sales vs. Recessions
Class 8, “heavy duty” truck orders are down 39% from a year ago.
First, let’s take a look at the reports, then we will take a look at what this may mean for the economy.
Class 8 Truck Orders Plunge 39%
The Wall Street Journal reports Truck Orders Fall in April.
For years, our biggest lament and recurring confirmation that
unorthodox monetary policies are simply not working, has been tracking
global trade - the lifeblood of any properly functioning global economy - which has not only failed to reach its pre-crisis growth rates, but especially over the past 2 years, has seen slowing dramatically. The latest evidence of this slowdown came earlier today when the International Air Transport Association (IATA) reported that demand
Based on the world risk index, which takes into account not only the frequency of natural disasters in each country (known as exposure) but also how well equipped the country is to cope with and recover from the effects of a disaster, The Guardian reports Vanuatu is the riskiest country to live in, with natural disasters on average affecting more than a third of the population each year. If you want to be safe from natural disasters, move to Qatar (the lowest disaster risk country in the world)...
Source: The Guardian
A newly released financial report reveals that a Ukraine based anti-Putin TV station is almost entirely funded by North America and Europe. The anti-Russian Kiev-based station Hromadske.TV was set up to spread anti-Moscow propaganda and has nearly a dozen western government agencies financially supporting it, according to a 2015 report. Forbes.com reports: Who are they? They are the Canada International Development Agency (CIDA); the Embassy of The Netherlands in Ukraine; another Canadian charity called the Ukrainian World Foundation; independent DC-based Pact World; the U.S.
We often use big, overarching ideas to help us understand the world and the opportunities contained within. These narratives, which can change over time, are used to create context. They give us a frame of reference for comprehending the news and events that affect our outlook on things.
As VisualCapitalist's Jeff Desjardins notes, China’s economic prowess is one of these new paradigms that has emerged, but many people still can’t really wrap their heads around the scale or scope of it.