BALTIC DRY CARSH CONTINUES....Drops Another 7 to RECORD LOW 509

14 points to tie, 15 points to break all time low

564, -5

[link to www.dryships.com]

Bump for record

I can't wait to hear the excuses why the Baltic isn't a big deal now, but was a big deal when it was high

I repinned this thread, it should be seen by as many as possible.

This is where the TPTB, who have been reporting on and relying on the BDI consistently, now say its unimportant.

^^^^THIS^^^^

Bdi at all time low and heading lower.

Oil and bonds have reached their bottom, only way is up now.


Hyperinflation incoming.

Thanks for the update.

This is a good kpi..

Oil might be going back up but bonds are highly unlikely. Bonds have a tie to the economic value of countries and not one country has economic data which supports a rise instead of a deeper dip.

Can anyone name anything that costs less today than it did 30 years ago? Given inflation over those 3 decades, these figures are even worse than they sound. Beware the ides of March, as even Bill Gross noted.

Sorry..means nothing in completely manipulated world.

Disagree. This is the closest we will ever get to an nonmanipulated number.

sort of a canary in the coal mine

Exactly...all we need is any red print tomorrow and were at record lows

The NYSE has become a matter of national security.

That's all you people who think the market can crash need to know.

553

Record low!

Bump

The are busy printing money for the banks



Last Edited by Limpan on 02/11/2015 08:54 AM

another -2.3% (-13 to 540)

I can hear the minds straining at CNBC trying to spin this as a good thing.

We should start a contest, who can guess how low the Baltic Dry will go. We'll have 3 prizes for the 3 closest guesses.

3rd place: 1 ounce silver eagle

2nd Place: 1 #10 can freeze dried food

1st Place: 1 Brick 500 rounds .22 ammo

(The way the world is going, we will probably need all 3 in the near future)

I'll go with 511. No particular reason, just a guess

Scratch that, we should make these GLP prizes

3rd Prize: One of Russ's New Jerusalem calendars

2nd Prize: Tomato Plant

1st Prize: A free year's subscription to the uncle newsletter of your choice

Big drop, damn!

-10 today