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Ominous: Maersk warns that global trade is freezing up; apparently it's worse than in 2008.http://on.ft.com/1orTsuK
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@gilliantett@jotted if i read the article correctly life is especially sh*tty for Maersk. container shipping flatlining not "freezing up"
@chinahand @gilliantett Yes. But Andersen also says "external conditions are much worse" and Maersk a bellwether for global trade
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@jotted@gilliantett Yup. We're headed toward recession & foreign trade growth flagging for sure. But story of that piece was Maersk -
@jotted@gilliantett wrote down oil reserves & took hit despite running profit on freight biz. Better reasons to panic coming along i bet.
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