Independent thinking for complex markets and current events
In the midst of a severe recession in the freight market, marked by an oversupply of trucks and a scarcity of freight, the logistics industry faces a wave of bankruptcies, closures, and layoffs, with notable companies like Yellow Corp. and Convoy being casualties. This downturn, contrary to some analysts’ expectations, is not a mere reversion …
In the last 120 years, when a country’s debt got really high, 98% of them ended up not being able to pay it back. Ken Griffin says the government can avoid this by printing more money, but it would mess up the economy really bad. A simple solution could be for Congress to spend less, …
India’s rice export ban has triggered panic buying at US supermarkets, causing the price of a 20-pound bag to surge from $16 to almost $50 in some stores. The south Asian country, which accounts for 40 percent of world rice exports, ordered a halt to its largest rice export category, non-basmati rice, on Thursday to …
The stock market of one of Australia’s closest neighbours is in trouble, with a huge tech company on the brink of collapse as its value plunges by more than 99 per cent. Thailand-based tech manufacturer Stark Corp has lost a staggering 99 per cent of its market capitalisation in the past six months and …