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Global Growth Hopes Fade As Baltic Dry Drops Most In 11 Months
While the recent surge in the Baltic Dry Index was headlined as 'proof' that the global recovery was 'on', China is back, and every retiree should BTFATH, we recently noted, all was not at all it seems on the surface of this data. Fast forward a few days and we have had 2 China PMI misses (notably disappointing relative to their Flash prints) and now the Baltic Dry has plunged by its most in 11 months over the last 4 days. Of course, we've seen these kind of ramps and dumps before in the Baltic Dry - though it is odd that we don't hear the cheerleaders as the price collapses.
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This can only mean one thing. DOW 16000!!!
Did Walmart's Link-carders switch to the Dollar Store? Boo fucking hoo...
Technically speaking, are not all transportation indices are transitory?
Is it too late to BTFATH? < sarc of > Shit, I switched from a "return on captial" to a "return of capital" apporoach to investing a long time ago.
that was an important indicator only back when fundamentals and technicals mattered in price action.
Doing 'god's work' does not require shiping.
The USA is in the businees of exporting our financial greatness....until the rest of the world decides it is really just empty promises that will never allow wealth to be had by the holder.
At that point we loose about ...what..20% of GDP...and we have to apy for our imports with exports...other than electrons.
More to the point, yes, the current GDP of the U.S.S.A. includes 30% paper-pushing. you know, financial "products" of mass destruction.
hedge accordingly.
Manthing is correct....the baltic dry is no longer relevant for too many reasons....the main one being is that there are farr to many vessels bringing shit to all the tapped out debt vassals.
This is great news for Germany! They can charter a steamer to NYC and easily pick up their gold.
..."their" gold. As if.
What time is it?
Rampalooza time! boys and girls.
Just get on the bus and let the nice bald and bearded bus driver do his job!
Fuck it. I am going with no ramp today. It is a brave call.
It's an ugly bus but don't step in front of it. It's still a bus.
if the reps continue to be insolent
someone will make the market crash
The Wizard of Froz is humble today. It's not a ramp. It looks more like a tower.
As of 3:30 EST your ramp looks more like Kate Moss sunbathing under the West Texas sun.
Tomoorow is another day.
Retract. Apprently, Kevin left the audition at 3:59. Little fucker.
:)
Got me. Good call.
That little fucker.
Apparently, Kevin Henry had an audition at 3:30 for the part of body double in the remake of the 1980 film Cruising.
No ramp today.
I think Kevin will have a hard time sitting at his terminal tommorow.
ummmm, that was quite the last 45 second ramp
Grande Tetons wrote: "...This is great news for Germany! They can charter a steamer to NYC and easily pick up their gold. "
Easily? Hmmm, maybe not! In the shutdown, there are no government personnel available to help them get it out of the government building... Ah HA! So, now we know the REAL REASON for the government shutdown.... and YOU thought it was just politics!!!!
wtf are you talking about willis? BALT has been on a tear since the beginning of the year. http://www.youtube.com/watch?v=v17lMr0j2D8
Don't get me wrong, I love ZH, but you made the point clearer than I could have hoped to do....
My first reaction was "how low can the BDI go?" and then I realised that, as has been the case for the last 3-4 years, the 'good' news about the BDI has been absent as it has been steadily climbing for 6 months+ and is now back to summer 2011 levels, yet we have heard very little about that.
My first reaction was "how low can the BDI go?"
"when you look at something negative for so long..... the government will change it to a positive!".
Does the BDI seem to correalate with the shitty economy? NOPE!!
What?
Two months before the holiday orgy of buying useless crap from China?
Perhaps retailers are going light on inventory because they know the economy sucks?
You'd think with all the Dollars that Bukakke is printing and shipping to Europe it would have a postive effect on shipping.
Chinese Christmas light/decoration shipments now out the door and index drops?
Futurama: Bender's Big Score (2007)
http://www.imdb.com/title/tt0471711/
"Nah, Nah Nah Nah, Hey, Hey, We took your stuff!"
Nah Nah Nah Hey Hey Hey Goodbye Edited
http://www.youtube.com/watch?v=WV0bqASKAY8 (2:21)
Who needs growth when you've got infinite "Keynesian" debt?
BDI anticipating the loss of BS carried on SUPRAMAX ex Washington/Baltimore due to government shutdown.
VLCC = very large Cruz carrier
Robust!
all that last minute prepping must have paid off for the shippers, but it looks like everyones bought up now and heading for the hills.
There's no more tankers left to fill up with excess oil production and there wasn't any activity prior to this oil fraud. And so BDI tanks - watch oil go next.
Is it okay to cheat if playing a game with other compulsive cheaters? I consider it mandatory.