Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
A.P. Moller-Maersk A/S, an important indicator of global trade, is sounding the alarm for the economy. It is cutting 10,000 jobs due to weak demand conditions that it expects to persist until 2026. This retrenchment is further evidence of economic deceleration previously identified by the Rabid Capitalist (see https://therabidcapitalist.com/2023/10/10/shipping-sinks-the-economy-will-stink/).
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