Baltic Dry Index....COLLAPSING | |
Anonymous Coward User ID: 9713898 United States 01/27/2012 08:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1374649 United States 01/27/2012 08:42 PM Report Abusive Post Report Copyright Violation | we need to just listen to the idiots that posted at the beginning of this thread. nothing new here...means nothing. except now..it is evident that trade is tanking. ... economies of the world are now entering the 'GREATEST DEPRESSION" the only reason that the u.s. isn't in chaos is because things are different since the last great depression... THE GOVT IS GIVING AWAY TRILLIONS IN SUBSIDIES, FOOD STAMPS, HOUSING, 3YRS OF UNEMPLOYMENT BENEFITS, GOVT PROGRAMS, PROPPING UP THE MARKETS WITH CASH, ...ALL ON BORROWED FAKE MONEY!!!!! this bubble is about to burst. even soros says we are going to martial law!. the german chancellor said greece default is unavoidable! italy is way beyond bailout... the cat is tearing up the bag...and it's about to burst |
Anonymous Coward User ID: 8954548 Norway 01/28/2012 09:44 AM Report Abusive Post Report Copyright Violation | do some research or STFU, thanks. 1) Yes, it is Chinese New Year and the index is always having a dip around this time of the year. But this time it has plunged 50% lower than average and is still on a very steep decline. The bubble has popped in China. Read this [link to www.chinalawblog.com] for example. 2) Yes, there is overcapacity of ships but it only grows at 1-2% per month. No way does this explain a 50% in just one month. The end game has started, buckle up. |
Anonymous Coward User ID: 8954548 Norway 01/28/2012 10:58 AM Report Abusive Post Report Copyright Violation | The Baltic Dry Index - A Harbinger of Bad Things To Come: [link to www.oyetimes.com] |
Anonymous Coward User ID: 9735695 Spain 01/28/2012 11:19 AM Report Abusive Post Report Copyright Violation | Is someone going to post the Baltic Dry every day now. It usually gets posted every week and nothing happens, the economy is improving you retards. You losers should get jobs instead of trying to bring on doom. Quoting: Anonymous Coward 2327656 that is nan 'intelligent' person here. I herald your brain power and clarity of thought, moron. |
Anonymous Coward User ID: 8954548 Norway 01/28/2012 11:25 AM Report Abusive Post Report Copyright Violation | let's do multiple posts per day then. ;-) China’s very mysterious data: [link to blogs.telegraph.co.uk] |
Anonymous Coward User ID: 9856549 Portugal 01/30/2012 09:11 AM Report Abusive Post Report Copyright Violation | zerohedge Baltic Dry drops to 702, down 3.3%, all time low approaching há 25 minutos [link to twitter.com] |
Anonymous Coward User ID: 8954548 Norway 01/30/2012 09:11 AM Report Abusive Post Report Copyright Violation | |
Starwind User ID: 4546990 United States 01/30/2012 02:16 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1382145 United States 01/30/2012 04:38 PM Report Abusive Post Report Copyright Violation | zerohedge Quoting: Luisport Baltic Dry drops to 702, down 3.3%, all time low approaching há 25 minutos [link to twitter.com] Only 43 more to go. Will break it Wednesday or Thursday at the rate we are going. |
Anonymous Coward User ID: 1382145 United States 01/30/2012 04:39 PM Report Abusive Post Report Copyright Violation | |
Stu User ID: 3643288 United States 01/30/2012 04:42 PM Report Abusive Post Report Copyright Violation | ship fleet is 1/2 the size of 2007 so this drop is bigger 666 was the low and yet MSM is crowing recovery here in US _____________________________________ Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind. -Ramana |
never96 User ID: 9555825 United States 01/30/2012 08:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1374649 United States 01/30/2012 10:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8954548 Norway 01/31/2012 08:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 9309530 United States 01/31/2012 08:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 9309530 United States 01/31/2012 08:45 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 7060099 United States 01/31/2012 09:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8954548 Norway 01/31/2012 09:50 AM Report Abusive Post Report Copyright Violation | He's probably sleeping himself. When he wakes up the BDI will be at like 500. He'll jump off the cliff in horror. |
Anonymous Coward User ID: 1382145 United States 01/31/2012 10:10 AM Report Abusive Post Report Copyright Violation | |
Starwind User ID: 4546990 United States 01/31/2012 10:38 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1435822 United States 01/31/2012 10:53 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1435822 United States 01/31/2012 10:55 AM Report Abusive Post Report Copyright Violation | |
Starwind User ID: 4546990 United States 01/31/2012 10:59 AM Report Abusive Post Report Copyright Violation | The BDI has no value anymore since most world shipping is done on non Baltic ships. Quoting: Anonymous Coward 1435822 People no longer seem to understand. The simple fact is that Europe is not a major shipping zone. China and Brazil and other regions of the world are major shipping areas. Oh, ok, as long as I don't know what the BDI is. oh wait. First line on wikipedia. Baltic Dry Index From Wikipedia, the free encyclopedia The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes. Welp. |
Anonymous Coward User ID: 1382145 United States 01/31/2012 11:17 AM Report Abusive Post Report Copyright Violation | The BDI has no value anymore since most world shipping is done on non Baltic ships. Quoting: Anonymous Coward 1435822 People no longer seem to understand. The simple fact is that Europe is not a major shipping zone. China and Brazil and other regions of the world are major shipping areas. Oh, ok, as long as I don't know what the BDI is. oh wait. First line on wikipedia. Baltic Dry Index From Wikipedia, the free encyclopedia The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes. Welp. Along with this, there was a thread yesterday (which I can't find) that showed a Chinese ports full of cargo ships just docked empty, either because there was no cargo, or the shipping lines shut them down because they would lose money carrying cargo. Also, I find it almost humerous that with a large spike in BDI, economists will claim that is a sign of economic improvement, but when it plummets, it means nothing. So while BDI may not a be the perfect overall indicator, it is A valuable indicator. |
Anonymous Coward User ID: 7060099 United States 01/31/2012 11:36 AM Report Abusive Post Report Copyright Violation | The Baltic Dry Meltdown Continues The Baltic Dry index, which measures the cost of shipping dry goods around the world, has been in utter free fall for about a month and a half. It has dropped during 27 straight trading days as of Friday’s close. Yes, count them: 27 sessions date all the way back to Dec. 12. The index has dropped 62% to 726 throughout the process, dipping back toward financial-crisis levels. |
Anonymous Coward User ID: 7060099 United States 01/31/2012 11:40 AM Report Abusive Post Report Copyright Violation | [link to www.moneyweek.com] The most bearish chart in the world today On the flipside, a drop in the BDI could suggest that worldwide demand for shipping space – and therefore, for raw materials – is falling. That in turn indicates that the global economy must be about to slow down. But 2012 has already seen something much worse than a mere slip. The BDI has collapsed in just a month, as the chart below shows. . . . . Some of the world’s biggest ships are known as Capesize vessels. They are so called because they’re too big for the Suez Canal and have to travel around the Cape of Good Hope or Cape Horn. Shipping rates for these vessels have plunged by an incredible 75% so far this year. |
Anonymous Coward User ID: 9979674 Portugal 02/01/2012 08:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 8954548 Norway 02/01/2012 08:35 AM Report Abusive Post Report Copyright Violation | The BDI crashed through its 2008 low today. It's now at 662. OMFG the horror! This is it. Man the live boats! Seriously, this is serious. I'm gonna do some research on how the shippers are doing. It probably looks really bad. The (c(r)ooked) Chinese PMI looked OK in January. It should be down next month. China is landing hard. They can't hide that much longer. |
Mussum User ID: 1548221 Brazil 02/01/2012 08:38 AM Report Abusive Post Report Copyright Violation | |