Showing posts with label Dry Bulk. Show all posts
Showing posts with label Dry Bulk. Show all posts

Thursday, March 3, 2016

"It Hasn't Been This Bad Since The Viking Age": Dry Bulk CEO Warns Of Bankruptcy Tsunami, Counterparty Risk

When global trade plummets (and it IS collapsing, despite political rhetoric), companies file bankruptcy, banks collapse, people lose their jobs, and people starve.  Result:  war.

http://www.zerohedge.com/news/2016-03-03/dry-bulk-ceo-warns-bankruptcy-tsunami-we-havent-seen-market-bad-viking-age