DoChenRollingBearing
Yellow Jacket
...
I am in Peru now, we have seen a small fall-off in our bearings sales from 2013. Peru until very recently has been growing strongly for many years.
A friend of mine is the LatAm export manager for capital equipment (machinery for chemical plants, etc.). Some three months ago, he told me that ONLY Peru and Colombia were doing well for him (even Chile and Brazil were doing poorly -- Argentina has been flat on its back for a while). I have heard from about FIVE people here, who presumably would know, that Peru has just started to slow. Peru exports a lot to China, including copper (see recent Zero Hedge articles recently on China/copper fakery...).
Today I read at Zero Hedge about upcoming European "NIRP" (Negative Interest Rate Policy). That cannot be a good sign. A few days ago I saw a report that US Q1 GDP went down (preliminary numbers perhaps?).
And for WEEKS we have been reading that China has a variety of BIG problems.
So, with Europe probably in recession, probably the USA, Peru, LatAm in general and China, would that not point to a:
Worldwide Recession?
I am in Peru now, we have seen a small fall-off in our bearings sales from 2013. Peru until very recently has been growing strongly for many years.
A friend of mine is the LatAm export manager for capital equipment (machinery for chemical plants, etc.). Some three months ago, he told me that ONLY Peru and Colombia were doing well for him (even Chile and Brazil were doing poorly -- Argentina has been flat on its back for a while). I have heard from about FIVE people here, who presumably would know, that Peru has just started to slow. Peru exports a lot to China, including copper (see recent Zero Hedge articles recently on China/copper fakery...).
Today I read at Zero Hedge about upcoming European "NIRP" (Negative Interest Rate Policy). That cannot be a good sign. A few days ago I saw a report that US Q1 GDP went down (preliminary numbers perhaps?).
And for WEEKS we have been reading that China has a variety of BIG problems.
So, with Europe probably in recession, probably the USA, Peru, LatAm in general and China, would that not point to a:
Worldwide Recession?
