Global Economic Data & News 03 (May 22 - Dec 24)

[behappyalways]

Truckload Van Spot-Rates Are Crashing At An Unprecedented Pace
https://www.zerohedge.com/markets/truck ... ented-pace

[behappyalways]

El-Erian Warns: Beware A Global Economy With Little Fires Everywhere
https://www.zerohedge.com/geopolitical/ ... everywhere

[winston]

US$11tn wiped out in global rout

Source: Bloomberg

https://www.thestandard.com.hk/section- ... lobal-rout

[winston]

Global bankruptcies will increase, warns Allianz

A bankruptcy trend is expected to become apparent around the world and the number of liquidations of Hong Kong companies may increase by 10 percent next year, according to a report by credit insurer Allianz Trade.

The war in Ukraine and China's strict Covid restrictions, are seen to be increasing risks facing businesses and the number of global corporate bankruptcies is set to rebound this year and next with increases of 10 percent and 14 percent respectively.

The figure for corporate liquidations in Hong Kong jumped around 28 percent year-on-year in 2021 to nearly 300.

Allianz Trade expects the number to remain roughly unchanged this year but to increase by 10 percent to 330 in 2023.

The number of insolvent Chinese companies is expected to increase by 1 percent this year and 11 percent in 2023.

In the United States the number of bankruptcies are expected to increase by 8 percent this year and 23 percent in 2023, though many US firms have built up strong cash reserves since the pandemic thanks to subsidies and surges in profit.

Companies everywhere, Allianz Trade notes, are again facing multiple headwinds, ranging from long-term supply chain disruptions and transport bottlenecks to high raw material costs and supply shortages.

Source: The Standard

https://www.thestandard.com.hk/section- ... ns-Allianz

[winston]

G7 Finance Officials meeting in Germany

Focus:-
1) climate change
2) Ukraine support
3) food and energy support for emerging markets
4) inflation and
5) crypto

Source: Reuters

[behappyalways]

Supply Chains Are Never Returning To "Normal"
https://www.zerohedge.com/markets/suppl ... ing-normal

[behappyalways]

燃油藥品民生物資短缺 斯里蘭卡如陷世界末日 TVBS文茜的世界財經周報 20220522
https://m.youtube.com/watch?v=zgEmHEcNcfQ

[winston]

Economic outlook has 'darkened', warn in Davos

"We have at least four crises, which are interwoven. We have high inflation ... we have an energy crisis... we have food poverty, and we have a climate crisis.

Lagarde essentially promised rate hikes in both July and September to put a brake on inflation, even if rising borrowing costs are bound to weigh on growth.

Source: Reuters

https://www.thestandard.com.hk/breaking ... avos%C2%A0

[behappyalways]

三十年全球化恐成過去式 達沃斯警告經濟下行 TVBS文茜的世界財經周報 20220529
https://m.youtube.com/watch?v=AR_Tz1IkmmI

[winston]

The Top 10 Creepiest & Most Dystopian Things Pushed By The World Economic Forum

BY TYLER DURDEN

Source: Zero Hedge

https://www.zerohedge.com/geopolitical/ ... mpaign=706