Thursday, September 8, 2016
The World Economy Is Slowing Down
Justin Fox, Bloomberg: Globalization Hits a Wall
For the first time since early 2014, the dollar value of goods imported and exported by the G-20 countries actually grew a little in the second quarter of this year, the Organization for Economic Cooperation and Development reported last week.
This is probably just because oil prices bounced back a bit after hitting a 12-year low in the first quarter. The world trade volume index maintained by the Netherlands Bureau for Economic Policy Analysis fell 0.7 percent in the second quarter. (The bureau, which also goes by its Dutch initials, CPB, doesn't actually go out and measure how big the things are that we're trading with each other; it just adjusts for price and currency fluctuations to give a clearer picture of trade flows.)
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WNU Editor: I treat this info as a barometer that tells me that hard times are coming, and that it will impact geopolitics and create conflicts.