Tuesday, July 20, 2010


Well this chart is not as positive about the outlook of the world economy, as the guys on Wall Street are!
David Rosenberg refers to the slide in shipping rates since May 2010 as a ''deflationary stand - alone event''

Some may choose not to admit it, but the ''recovery'' is slowing. Lingering debt worries (both sovereign and private), continue to remind us that all is not well, and that it's time to cut back and take some chips off the table.

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