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The Baltic Dry Index Has Never Crashed This Fast Post-Thanksgiving
We are sure it's nothing - since stock markets in China and The US are soaring - but deep, deep down in the heart of the real economies, there is a problem. The Baltic Dry Index has fallen for 21 straight days, tumbling around 40% since Thanksgiving Day.
This is the biggest collapse in the 'trade' indicator (which we should ignore unless it is rising) since records began 28 years ago...
As The Index itself hovers very close to the post-crisis lows...
Charts: Bloomberg
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Keep a beady eye on the BDI!
Bullish!
Bullardish
I wonder if US markets even need economic activity to go on a rip?
They're just trading paper. For a small commission.
LOL - Don't worry, it's just "stuff".
Keep a better eye on the Harpex Index.
I would prefer to keep an eye on the Russan Prostitute Costs Index (RPCI). thank you very much.
Thanks LoneStar!
Harpex Index chart:
http://www.harperpetersen.com/harpex/harpexRH.do?timePeriod=Years5&&data...
No word of that from Yellen huh?
Depression. If it weren't for fake govvy stats, we'd still be in one. BD index proves it.
My question is, WTF happened in 2013 to give it that 50%+ spike?
That was the FED shipping money.
Iraq,Syria or another war or something similar - this is only for 21 days window
Okay, Shanghai Interbank Offered Rate
Looks like the times are a changin'.
Any idea what has them spooked?
people want to "invest" in stawks-->savings flow out of banks-->liquidity becomes tight
Why is there so much resistance to the new economy. We have moved on from manufacturing or even productivity for that matter. Our new world allows us to make a living,,,nay, get rich, by simply trading paper. Baltic dry means nothing, nor does employment numbers as these are metrics of an age past. We no longer need ships for transport or even jobs. We are blessed with traders to provide, and for all others we have newly granted entitlements including healthcare so no one will ever need a job again.
So lets just sit back and enjoy our brave new world. Gamble for riches and allow our brilliant leaders to simply print our losses.
Don't forget posting selfies and tweets. The USA is #1 in the manufacturing of those items
We'll drop down a couple of notches on the selfie front once we get a real President in 2017
Your comment is obviously meant to be sarcastic, I hope.
The fact is that the US has not had a real president since JFK...and that's not about to change anytime soon, certainly not at the ballot box and not without a total economic collapse and revolution.
Noting also that the masses are already revolting. Repulsive even...
I object to your insinuation that Hitlery would not be a real president
she wears pants and I'm sure she have balls too
we've had our token black(though really he's more mulatto than black but who's counting the details anyway), now let's have our token "woman" so this shitshow can be complete
Looks like we're getting Bush the Third this time around.
I think you got Bush the Turd the first two times also.
You said it, they stink on ice!
Not seeing a problem with that. If the kids want to buy us free healthcare, pay for a comfortable retirement for us, give us all the groceries we want, and then work like slaves for the next several generations to pay for it, who am I to deny them their happiness in life?
I keep telling them they're crazy and they keep telling me I'm wrong.
As idle as a painted ship, upon a painted ocean.
The Rime of the Ancient Mariner
it's simple mean - oil sector bust and shale oil too.
Bad? Not possible! Green shoots!
Buy some junk bonds, the return is amazing!
Sony flat-screens to boost the Baltic post Holidays, and Russian vodka! (well, maybe just the vodka).
Can't wait to get 3% yield on those junk bonds
Crack the spine of turkey to save 20 minutes for baking time.
Celebrity Chef Tyler Florence @ 4:30 you will die laughing.
I loved his view on Blackberry Passport, free advertisement. Hahahahahaha.
Mrs Atomizer will buy his book. Because we don't go out to dine, eat 5 star food at home. Thanks to your smoking ban, we just eat at home. Fuck you with telling me how I should behave by not smoking! I don't smoke in my cars or house. Lost business for you fucks!
The Consumption Police are going to get you for that.
Lost business from smokers, but increased buiness from people who refuse to passive-smoke while trying to enjoy their meal.
There...fixed it for ya.
You can blow me now, Auntie Edna.
Maybe, maybe not. All the studies and polls can't prove a negative. They can't prove people didn't go out because of a government enforced prohibition. Leave the private business owner to how they want to run their business? No... too hazardous.
The port of Long Beach is a parking lot. Unless you are a big boy or know someone, your freight doesn't move. Manufacturing is slowing, layoffs/shutdowns, Recession/depression ahead early next year....
Gold Bitchez...I pick up pennies
Must be all them there new fangled 3 D printers. No need for shipping. Just hit a button and presto magic. Hmm sounds like some other printing story I have heard recently.
They change like the wind. Still hunting a good 3D printer. Winks
http://www.stratasys.com/
Glad that I didn’t dump a 800 pound piece of shit in Ft. Myers home. My galore is to be able to scan a product and reproduct. Once this fucking spinal operation mends to full completion, good to go. Make money and I will buy the top end technology. Scan and 3D printing and SolidWorks services.
Thunderbox
I downloaded a Dominos' Pizza on my 3D printer tonight. Tastses about the same as delivered.
But did it cost you 6 bucks and come out of the hopper in thirty minutes or less.
Feelin Stronger Everyday.
Mighty small pizza if it was printed in less than 30 min
oh not this old saw again. sheesh. i know the world is fubar, but BDI isn't saying anything new.
Free money to build ships, too many ships. Free money to drill oil, too much oil. Free money to buy stocks, never enough shares!
5 years out from a global currency?
I give it 2. Three tops. 2015 will be a very intresting year. Be careful out there, drive safe and above all pick your battles. For those of us that are close to retirement age, form alliances. I'm still thinking that through.
We already have one. Oh, you are thinking of a replacement for the FRN.
I think the pre-conditions (collapse) necessary to usher in a replacement make it problematic that it can ever occur until after they trigger the biggest war in the history of the world. At that point, the currency of the victor will become the new global reserve currency. In other words, the FRN or whatever medium of exchange is then current in the United States.
Everybody isn't just going to pull together and calmly set up a new currency system right after they've been utterly destroyed financially. Too many rabble rousers to deal with. Some of those guys will rouse enough of the rabble to become fuhrer/duce/caudillo/you name it and then we're off to the races.
But I do suspect that you have discerned their hopes accurately.
Perhaps a global reserve currency will eventuate in stages.
Something like:
First, the USD is used less & hated moar e.g. Yuan swap agreements are breeding like rabbits this year, the BRICS may get a seat at the SDR table in Oct 2015 and we've all noted the central bank activities with gold suggesting potential for a gold backed trade note.
Leading to a multi-reserve currency system emerging (chaotically and still likely fiat rubbish).
Then after currency chaos and an obligatory major war, globally we end up "begging" for the safety and stability of a global currency.
I have a gut feeling gold will be testing the new Comex limits either Sunday night or Monday. Unfortunately, it will be to the downside. Goldman wants their predictions to come true and the Fed wants a Merry "Wealth Effect" Christmas. So that is anywhere from $1095 to $795 by Monday evening.
The price of gold is determined the same way stocks are...the Fed just declares a value.
Now if paper gold is not your choice you should get your phys now because the Fed can't print that.
I do have a problem with your number though. If the POG gold goes down as far as you suggest all the little people in the East migh have it all bought up by Tuesday. Then we'd have a situation.
Those are the limits imposed by the Comex who up until now never felt it was necessary to have a limit. It seems very odd that with all the geopolitical turmoil and central bank largesse to the tune of 0% interest rates for 5 years that gold has actually fallen but that is what it is both in paper and physical form. Of course, we could wake up tomorrow and gold could be repriced but then it might not return to sanity for another 20 years. I am tired and confused. I need some sleep.
"I am tired and confused"
I could not have said it better!
Up is down, black is white, Democratically elected leaders are dictators...
Good point,it seems like the Feds actually need to keep a floor under gold or they will screw themselves faster.
Just saw the bird house I built on the ground in pieces. It looked great yesterday.
Turns out that the back were the nails met the post the wood was rotting out. A stiff breeze and the thing collapsed just like the economy. The BDI is like the wood around the nail. Slowly retreating until it falls apart. The front end of the bird house still looks good. Any takers?
Screws hold better.
The same fuckers are rehashing new motives. Take these fucker’s out.
EU bans Iranian oil imports
Recycling Petrodollars| January 3, 2007
Federal Reserve Petrodollar recycling. Today, not a fucking google link to Federal Reserve implicating Henry Kissinger. Lying bastards. Here is your google link
federal reserve petrodollar recycling
https://www.google.com/?gws_rd=ssl#q=federal+reserve+petrodollar+recycling&spell=1
Poof, gone. Don’t worry. I have a backup.
Recycling Petrodollars
http://www.newyorkfed.org/research/current_issues/ci12-9/ci12-9.html
The Petrodollar Explained
I have one more link to show you the big lie. one keystroke away.
BDIY has been bouncing along the bottom since '08...nothing new here. With the drop in fuel cost however, combined with the ongoing low demand and oversupply of ships, I expect day rates to go down and the index to break it's low of 662 this time.
They love us for our GMO.
Who needs dry ships when you can deliver by drone?
Might have to do with the fact that retail sales are plunging, so far most people don't want to talk about this. Almost two years ago during a television interview on Bloomberg, Harvard economist Steven Roach put a retail sales consultant in her place who was crowing about strong retail growth.
Roach pointed out that after discounting for inflation growth in retail sales compared to past years is mostly an illusion. I wish Roach had gone to the next step and pointed out that what little growth does exist is built on a foundation of demand from huge government deficit spending. To make things worse the government has been forced to borrow much of that money. The article below delves deeper into this subject.
http://brucewilds.blogspot.com/2014/09/consumers-are-facing-protracted-weakness.html
BDI always has been a good indicator--that and Dr Copper--
It looks as if we ordered way too much shit in 2013 so we are either still swamped in last years inventory 'or' everyone finally figured out there's no fucking recovery or growth and to not make the same stupid mistake again based on BS lies out of the US gov't.
iphones don't take up as much space
Crude oil price 100 year chart:
http://www.macrotrends.net/1369/crude-oil-price-history-chart
depending on the initial health of the cat,when,why,how it got tossed, the drag coefficient of the underlying surface, will help to determine how long it will slide after the initial bounce....
Some scunt recently said something about an oversupply of ships.
Really? You sure it's not just an undersupply of cheap chicom crap?
Every time the baltic dry index goes down they always say over-supply of ships...they said the same thing a few years ago when the BDI started to hit record lows. And I tell ya what, its because the U.S. doesnt have anymore gold to ship to China.
Probably the only thing shipping now is coal to China and plastic shyte to the U.S.
...or buyers
I spy with my three brown eye a woeful BDI.