How Did We Get 2016 So Wrong?

By John Rubino – Re-Blogged From Dollar Collapse

Go through the late 2015/early 2016 articles published on this and similar sites and you’ll find a consensus that 2016 was going to be a really bad year. Corporate profits were falling, business inventories had spiked, and deflation was deepening in Japan and Europe. See More Ominous Charts For 2016 for a longer list of indicators that seemed, a year ago, to portend imminent recession if not full-blown financial crisis.

As David Stockman put it in a late-2015 prediction piece,

The Keynesian Recovery Meme Is About To Get Mugged, Part 1

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Shipping Said To Have Ceased…Is The Worldwide Economy Grinding To A Halt?

B Jeff Berwick – Re-Blogged From http://www.Silver-Phoenix500.com

Last week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world.  He told me they had no ships at sea right now, because operating them meant running at a loss.

This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.

You can see one such report here.  According to it,

Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.

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