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The Bernake Man
Its 4 PM on POMO MondayHeatmap is greenin againThere's a bearded man sitting next to meMaking love to his keynesian sin.He says Timmay sell me the 30 yearI'm not really sure how low it goesBut it's treasonous,falacious and I studied it wellWhen I wore an Ivy League robe.Oh Quant Quant Quant, Q's Option spreadsMBS MBS HFT .Well we're all in the mood for record bonuses, and you've certainly got us kowtowed.Oh Blow us a bubble, you're The Bernanke, man. Blow it for us right now..Now Lloyd at the windows a friend of mineHe gets me my POMO for freeAnd he's quick with a tentacle and steal your last dimeBut there's some place that he'd rather beThe Bernake I believe this is killing meAs a smile ran away from his faceHe says I'm sure I could be that guy you call godIf Zero Hedge faded away.Oh Quant Quant Quant, Q's Option spreadsMBS MBS HFT .Now Timmays is a big eared lunaticWhos never had a thought of his ownAnd he's talking to Hu who's made him his bitchAnd he probably will be for life.And the peasants are learning gardening skillsAs the Oligarchs slowly get bailedYes they're sharing a moment they call ironyBut it's grander than buying the dip.Well we're all in the mood for record bonuses, and you've certainly got us kowtowed.Oh Blow us a bubble, you're The Bernanke, man. Blow it for us right now..It's a pretty good day for no volume at allAs the fund manager loses his jobCause he knows that it's Ben that they're comin to seeTo forget about debt for a whileAnd the soverign spreads grow out of controland the inflation threat looms nearAnd the serfs continue to dwell in their homesSaying man where did Freedom go?.Oh Quant Quant Quant, Q's Option spreadsMBS MBS HFT .Well we're all in the mood for record bonuses, and you've certainly got us kowtowed.Oh Blow us a bubble, you're The Bernanke, man. Blow it for us right now.
Yet another brilliant ZH song / poem / work of art. Clean it up a bit, get Billy Joel to sign off on it and submit it to Decca (or whoever does music for money these days), and you have a winner!
Something big's a commin'.
That something big isn't global trade. We are a hair away from April 2009 levels - back when everyone thought the world was coming to an end.
Baltic dry and ecri only matters when they're going up. Ignore all bad data. Carry on.
Check out this guy's response. NOOOOOO!!!! :)
LOL! Now if only U.S. & European politicians, banksters, and all of the hard working, corrupt, "civil servants" at the Treasury, SEC, CFTC, etc. could voluntarily follow this guys’ lead.... of course most patriotic citizens would undoubtedly request that those cushy desks & chairs, be replaced with chards of glass & rusty barbed wire. Oh, may I also suggest doubling the height of the balcony drop point as well...
Your list of possible contestants is not long enough... and the height not nearly so high as it should be. Let's look at them leaping from the top of at least 10 stories.
the only index in post world war II history to "post a zero print." i "find it very interesting that gold stocks that produce no gold whatsover" have a "valuation." there are of course MANY of them and "their valuations seem reasonable for producing absolutely no gold whatsoever nor any hope of producing any gold whatsover EVER." i do NOT recommend "shorting anything when the so call Fed prints money" for "the usual reasons." But that's because "as a veteran i believe shorting government debt to pose an existential threat our boys in the field." And needless to say "the Admirals, Generals and Presidents that command them."
From the day the BDI hits triple digits, mark a month and watch the fireworks.
Why is it so critical an indicator?
I see it as the Vix on the "hard" side of the global economy. It is a direct, incorruptible measure of Supply chain risk. Simple.
When it sinks, like it is now, producers have lost market confidence. And it is a leading indicator since there is a lot of lag in global shipping, long-term contracts etc.
Momentum in the BDI is kind of like the very things it tracks.
Capesize ships take a long time to turn-around.
"Now, will that be black or white?"
"Now, will that be black or white?"
Yes, I mean maybe. ;)
ORI or anybody:
Is there an index or public number out there somewhere re shipping container rates? That is a number I would like to track, and would also help all of us with another indicator of the world's financial health (distress).
Hey DCRB, it's a spot market. Just google a phrase like
global shipping container rates
and you have choice, which of course, will induce cognitive dissonance.... and so on. And on.
Rising fuel prices and falling BDI? sort of a double down.
One of these two is not representative of the true prospects for the global economy.
BDIY to zero is merely an unintended consequence of Amazon's "free shipping" offer. The shippers will get to make it up on volume.
On a long enough timelinethe shipping rate foreverything drops to zero.
That's why I got Amazon Prime...got tired of listening to the wailing chillun when my wheat shipment was artificially delayed two days to inspire me.
Bdi peaked prior to the spring crash. Every sell side anal-ist that tries to work it into their projections have been wetting themselves since the summer when it surged.
I've seen no media mention of it falling again, but I'm sure if they did it would a "seasonal thing."
Credit is contracting, Silver is starting to confirm this also.
Amazing with all the $$ that was pumped into the system and it's not going anywhere.
no demand for goods either. sad really.
chart says it all...
Anyone have any idea how the supposed explosion in supply of bulk carriers has affected the BDI?
I catually prefer the chart for drys
take a look at that versus the stock market
Last dividend reported: N.A. Discontinued
Last dividend reported: N.A. Discontinued
Aweesome market commentary. She sure ain't no growth stock.
Baltic Dry index, Does Hal the magnificent HFT pump machine know about this index? I didnt think so. Rally on. Personally, I thought Baltic dry was a type of wine or Champagne.
More like a Latvian Sapporo knock-off.
Raw inputs, bitchez!
A lil Steely Dan for our seafaring shipper friends...
Anyone have ideas why GLNG has been bucking the shipping trend? Or, are they
about to tank?
Never try to catch a falling knife, what a bad time to get into shippers
watch the pm's ..esp Ag. the best of all lei.
PM's down DOW up! It's all good:)
It is nice to see that the Baltic does move due to fundamentals still and that it has been a good guage at the reality of the world. So if the historical correlations do hold, we should be seeing the fireworks in Q1.
Thanks for the link.
So, this is transfer payments for the oil companies?
What's next on the government agenda?
This report is bogus. Everybody knows we are in the middle of a new boom. If you don't believe me, just as Harry or any of the other 'all in' guys that mistake gambling with value investing
There is only one direction, and that is up. I asked my friend Ben to help me.
Dryships: My wife tells me that the shelfs a pretty empty in the stores and she thought that stores have less inventory than in previous Christmas times. In fact, a friend of mine told me that she didn't order as much goods this year than in previous years as she didn't want to sit on inventory like last Christmas.
Makes all sense.
Baltic Dry goes dry every December. Couldn't be because of Santa Claus commandeering all the shipping?
Bloomberg 5 yr chart doesn't appear to support your statement..
This is just the way the BDI looks before you add in the shipping on Christmas eve by a certain S. Claus, which is treated for international regulatory and tax purposes as if it is performed by seagoing vessels, rather than by air (Santa's activities actually transpire via a "multiverse quantum displacement transporter", and no one knew how to categorize it, so "by sea" got the nod years ago).
The BDI will look really good next week.
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