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One Last Look at the Real Economy Before It Implodes – Part 1

If manufacturing is in “expansion”, even minor expansion, then why are exports around the world in decline? If the Baltic Dry Index is dropping off the map because of a “supply glut of ships”, then why are other demand indicators across the board also falling, and why are major shipping agencies talking about lack of demand? You see, this is what alternative analysts mean by the “real economy”. Continue reading

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