The Economist – Page 7
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A bad dose of post-holiday blues
Never let it be said that economists are an optimistic bunch; we have a tendency to look for the downside in statistics, looking for reasons to scale things back to suggest that there is worse to come.
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Western malaise only mildly infectious
The West consumes, the East produces, the population split is 1 billion vs 6 billion, and yet it seems strange that when the former catches a cold we expect the latter to sicken as well. The reality is quite different.
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Financial roulette: the new game in town
It seems to me, as an interested observer, that the western hemisphere is in a gambling mood. There is a lot of hedging and slight of hand going on in the supposed rescue of the European banking system and Greece.
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The medicine that damages the patient
It can be argued that too much belt tightening may not be a good thing: we can see a parallel with the fiscal measures used to fight excess debt at the sovereign levels.
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The fiscal crisis has landed
The global economy is entering a difficult period, the outcome of which we cannot guess at this stage.
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An Asian dilemma
Travelling around Asia opens the mind as there are events taking place here that introduce new issues, and these suggest we may not always have been looking in the right direction.
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Re-inventing the wheel
Terminal operators today are moving to re-define their role, to come up with an identity that clarifies what they do. At least that is the case in container terminals; bulk terminals have a more clearly defined role.
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Finding the right coping mechanisms
The wider impact of the the Japanese tsunami and subsequent radiation leaks has broad repercussions for the shipping and ports industry.
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Caution counselled as uncertainty rules
Our industry expects economists to provide forecasts for the months and years ahead, prognosticating about demand and supply as well as financial returns. We spout optimism and pessimism with equanimity, but often with a lag.
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Promises of a good year
Being an economist is not easy. We are expected to have an opinion on the state of the economy but are usually castigated for our views.
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Surviving 2010 not a panacea for 2011
What a wonderful year 2010 was: the container shipping industry has survived and even those on the edge of oblivion managed to get pulled back.
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No Christmas stocking for box ports
The liner industry has entered the slow season. Normally the peak season comes around late August through early October, but this year it came early in the July-August period.
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Fancy a Gamble?
Hedging, OTC trading and Derivatives have arrived in the container market. Ben Hackett
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The littered road to recovery
The spectre of mass insolvency and bankruptcy appears to be behind us as the maritime industry roars to the end of 2010 with excellent financial results for the first half of the year.
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The peak season enigma
After over a year of a constant stream of depressing financial reporting from shipping lines terminal operators and port authorities we are finally seeing positive numbers being announced in the financial results.
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Creating hurdles, not solutions
The latest G20 meeting resulted in a communique that endorses austerity and debt reduction.
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Astute management could have repercussions
The global container terminal operators reported profits in 2009 despite the shipping global recession and shipping calamity.
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Trust and credibility still at stake
One of the key issues to emerge at the 12th Global Liner Shipping conference in London was the continuing mistrust between shippers and carriers.
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Only the beginning of the end
At the recent Journal of Commerce conference in Oakland (TPM) one of the major carrier’s chief executives suggested that the industry had not been ready for the boom in cargo and had had no pre warning.
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Growth marred by confusion
The last two months have been interesting for economic analysts; data has been contradictory and has led to the lengthy debate on whether we are about to return into recession or are poised for solid growth.