Baltic Dry Index....COLLAPSING | |
Mussum User ID: 1548221 Brazil 02/01/2012 08:39 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1382145 United States 02/01/2012 08:53 AM Report Abusive Post Report Copyright Violation | The 666 (or 663) numbers really don't mean much, other than to serve as a wakeup call for economic doom deniers. The real doom hit a while ago when we passed the 1200-900 range (depending upon whom you ask) where shippers are losing money simply running. Anyway, just another warning flag for those watching... |
DeadBeacon User ID: 1507302 United States 02/01/2012 09:06 AM Report Abusive Post Report Copyright Violation | Dominique de Kevelioc de Bailleul: Suddenly the Baltic Dry Index (BDI), a key index that economist watch for signs of expansion or trouble ahead for the world economy, has collapsed. Because two previous steep declines in the BDI foretold stock market crashes, one may not want to wait too long for confirmation of the dreaded Hindenburg Omen to go short stocks and long booze, cigarettes and ammunition. [link to etfdailynews.com] :Canadian F::State of Texas: "Misunderestimating is only 5/4 th's of the problem"! "Some choose to hear, few decide to listen". "Question what you know and know why you question". "GLP will never be the sane...uhhh...same". "The markets will determine the fate of government intervention, not government intervening in the market". |
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Starwind User ID: 4546990 United States 02/02/2012 11:15 AM Report Abusive Post Report Copyright Violation | Well, at least the rate its dropping seems to have slowed. I supposed CNBC can make some cheery headline out of that and call it good news: Quoting: Anonymous Coward 1382145 "Rate of Baltic Dry Index Decline Lowest Since December 2011, Points To Strong Recovery in 2051" "Baltic Dry Index More losses down by a third in the Last month" "In a period of staggering growth the rate of losses on the Baltic Dry has dropped by two-thirds in less than a month. Losses as high as 35 (in this scale that was above 10,000, all is well) have dropped down to the most recent loss of a mere 11." "The index being at this low point sets it for the most dramatic period of growth in the index's history" I should write for the MSM. |
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Mussum User ID: 1548221 Brazil 02/03/2012 08:44 AM Report Abusive Post Report Copyright Violation | I have a little question... If the Baltic Dry index tracks only the dry bulk ships, that transport iron ore, copper ore, bauxite, and grains... WHY THE PRICES OF THOSE THINGS ARE NOT COLLAPSING AS WELL??? If iron ore is not being shipped anywhere, the price of iron ore should be collapsing, don't you think? If copper ore is not being shipped anywhere, the price of copper ore should be collapsing, don't you think? ... CACILDIS! |
Anonymous Coward User ID: 8954548 Norway 02/03/2012 08:59 AM Report Abusive Post Report Copyright Violation | ===== Baltic Dry Index (BDI) -4 647 (Cape index): 1445 -9 (Panamax index): 681 +12 (Supramax index): 620 -12 Yesterday ========= Baltic Dry Index (BDI) -1 651 (Cape index): 1436 -1 (Panamax index): 693 -13 (Supramax index): 608 -17 Interesting changes. The Cape index was about to reach a bottom but has dropped off more again. The Panamax index suddenly flipped. It's now going up. We'll see how this plays out. The Cape index is the most important one since this represents the really big cape size vessels which have to go round the capes (they don't fit throught the Panama canal). |
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Anonymous Coward User ID: 1374649 United States 02/03/2012 09:45 PM Report Abusive Post Report Copyright Violation | likely due to contract sales which are done in long term contracts. although international demand is falling quickly...the price stays up until those contracts are completed. china's market is dramatically shrinking. this will not bode well ... many corners of the world economy are simultaneously crashing.... all major wars have occured as a result of economic downturns. ALL. how long can this go on? |
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Anonymous Coward User ID: 12875405 United States 03/20/2012 09:46 PM Report Abusive Post Report Copyright Violation | Its going back UP, fast! [link to www.businessinsider.com] |
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