30 Nov 2015
The global economy is grinding to a halt. Non-Government data is pointing to falling demand across all levels of the economy. The Baltic Dry Index, which measures the price of moving raw material by sea, and often seen as an important economic indicator is at an all-time low. As western demand weakens commodity prices are in freefall. Copper, lead, zinc, nickel and aluminium are all trading at or near five year lows. Worryingly, this contraction is occurring as western economies prepare for the busiest shopping period of the year.
So why on Friday, after Russia announced a raft of sanctions ...