Art And Shipping Bellwethers Send An Ominous Signal For Markets And The Economy

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

wallstreetexaminer.com / by Jesse Felder • February 13, 2016

This is a syndicated repost courtesy of The Felder Report. To view original, click here. Reposted with permission.

This week two companies had some very interesting things to say about their respective markets that have implications far beyond their individual niches.

First, AP Moller-Maersk, owner of the largest container shipping company in the world, said it saw, “massive deterioration,” in its business last quarter, even, “worse than in 2008.”

Next, Sotheby’s most recent London art auction was held on Tuesday where the company saw sales fall by nearly 50% from the very same auction last year. Furthermore, the famed auction house is now seeing former buyers turn into forced sellers.

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