TARCÍSIO DE FREITAS – PÂNICO – 21/06/22

It’s widely known that tens of millions are shouldering close to $10,000 of debt and that it’s breaking their backs, and the number of bankruptcies for this year just exceeded a million. It’s not just people that are going bankrupt but states are too, are whereas the battle cry used to be, “California or Bust”, it’s now, “California is Bust”, and the sad truth is that the U.S. is bankrupt too. What happened? Did Americans become addicted to debt?

The global trade slowdown has affected international freight forwarding from China as the scale of the China import market contracts. As world demand for China imports falls away, especially in the very important markets of the United States and Europe, container volumes in China have fallen at double digit rates. As a result of the changing international freight market, expansion plans have been shelved as the freight transport industry reviews it operations and investment planning.