1

Justin Fox – Maybe This Global Slowdown Is Different

The global economy is slowing down. A couple of the big emerging-market economies that drove much of the growth during the past 15 years have hit a wall, and the question of the moment is whether the biggest of them, China, is in real trouble too. Commodity prices are tanking. Trade volumes are down. The Baltic Dry Index of shipping costs, which …

1

Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks

Three weeks ago, when we last looked at the collapse in trade along what may be the most trafficked route involving China, i.e., from Asia to Northern Europe, we noted that while that particular shipping freight rate Europe had crashed some 23% on just one week, there was some good news: at least the Baltic Dry index was still inexplicably rising, and …

Retreating sea ice linked to changes in ocean circulation, could affect European climate

Retreating sea ice in the Iceland and Greenland Seas may be changing the circulation of warm and cold water in the Atlantic Ocean, and could ultimately impact the climate in Europe, says a new study by an atmospheric physicist from the University of Toronto Mississauga (UTM) and his colleagues in Great Britain, Norway and the United States. “A warm western …