The Participant: Shipping & Oil
August 20, 2015
Consensus holds that the global economy is in trouble. For a front-line look, let’s turn to shipping companies. They move goods around the planet and are therefore directly affected by supply and demand. How have they fared recently? What are they saying?

Also: Oil is falling and this looks like the week our oil-price hedge will hit our $120 exit price after doubling in the past two months. Tom DeMark was wrong about Chinese stocks crashing further. Japan is destroying the beautiful Hotel Okura to build yet another modern hotel/retail/office monstrosity, indistinguishable from many predecessors around Tokyo.

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