THE STATE OF THE REAL ECONOMY?

Politicos and Bankers would like us to believe that the world economy is in recovery.

The massive injections of liquidity have prevented a complete meltdown of the financial system - but that does not mean the economy is healthy.

The worlds' largest container shipping company has just announced changes to their sail regime in the Atlantic - and I believe our readers should take note: capacity between Europe and North Atlantic is cut by -19%; by 20% between Southern Europe and the South Atlantic; while traffic between Northern Europe and Canada has been reduced by 30%. See some of the ships being taken out of service here.

Bottom line - we may have stopped the bleeding but were not out of the woods yet.