/biz/ - Business & Finance

for fucks sake /smg/, do not invest in shipping
>pic related
https://www.hellenicshippingnews.com/baltic-index-posts-worst-week-in-more-than-a-year/
>Baltic index posts worst week in more than a year
not only are we seeing a total collapse in freight / shipping costs, but we are seeing a total collapse in overall trade activity
US exports and imports are falling off a cliff
https://www.reuters.com/markets/us/us-trade-deficit-widens-october-weak-exports-2022-12-06/
>U.S. trade deficit widens as goods exports hit seven-month low
https://www.reuters.com/markets/us/us-trade-deficit-shrinks-sharply-imports-tumble-2023-01-05/
>U.S. trade deficit shrinks sharply as imports tumble
China too
https://www.wsj.com/articles/chinese-exports-fall-at-steepest-pace-in-more-than-two-years-11670415178
>Chinese Exports Fall at Steepest Pace in More Than Two Years
don't invest in shipping.. don't invest in tankers..
we are moving away from globalization, not toward, for the first time in decades
there is a huge collapse in global trade due to the global recession
it's not going to magically turn around
pic related is how shipping costs have changed