Ironman! The Global Slowdown Since The Great Recession (In 2 Charts)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Global trade has had trouble recovering following The Great Recession and financial crisis. While there was a spike in global trade following The Great Recession, global trade has seen the leading indicator from Morgan Stanley in negative territory since January 2015.

globtrade

Here is another view of global trade. Back to 1955 in terms of global real trade growth to global real GDP growth.

global_trade

Another indicator of global growth (and trade) are base commodities (West Texas Intermediate Crude Oil, iron ore and copper) and the Baltic Dry shipping (cost) index. Notice that base commodities collapsed during The Great Recession then rose again and peaked in early 2011.

commodites

But it has been mostly downhill for base commodity prices since 2011. Although 2016 has seen a rise in crude oil prices. But compare the current level of WTI crude oil at just under $50 to the over-$100 levels as recently as July 2014.

Of course, the United States eternal quest for regulation and control isn’t helping.

heritagereg

Time for “Ironman.”

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