The Baltic Dry Index Has Only Been Lower Than This 8 Days In 30 Years

Tyler Durden's picture

At 559, The Baltic Dry Index (having now dropped 46 of the last 50 days and 12 days in a row) is just 5 points above its all-time record low from 1986. In fact, the global freight index has only been lower for 8 days during the July/August period of 1986 in its 30 year history...

 

 

We are sure this is nothing to worry about and merely "transitory."

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Sudden Debt's picture

It’s all about ships andj steel and international waters, you know, technical stuff... nothing to be busting your mind about.

OR MAYBE....

it’s because all of America’s VAST EXPORTS to Azia are slowing down and....

WHOEHAHAHAHAHAHAHA just kidding :)

zeropain's picture

look at Mattel and CAT stock price to see that, china is done with infrastructure and US is done with toys.  I surf in huntington beach and see more and more ships parked outside Long Beach Harbor.  this happened in 2008 and the port workers went on strike then as well.  guess the ports always push to lower wages when they have no work.

Hitlery_4_Dictator's picture

Stop spinning the truth, neither of those things happened in 2008. Go smoke some more pot.

TruthInSunshine's picture

Average Americans are now so flush with cash they can eat organic, vacation like ballers, and they don't have to buy cheaply made, poor quality Chinese & eastern block and South American goods, being able to purchase finely crafted, perfectly fabricated USA goods, instead.

That's why the Baltic Dry Index is increasingly irrelevant.

USA USA USA USA!!!!

max2205's picture

Where can I buy a good used cargo ship....I feel like forest Gump today

 

MontgomeryScott's picture

I, um, got one for yoo...

She's called the 'Maersk Jenn-aey'. Momma always said, 'Ships are like a box of choc-o-lates'.

Never One Roach's picture

That's awesome, Dude ! I feel wealthier, moar robust, already.

TruthInSunshine's picture

We Americans are all approx 23 trillion USD wealthier since 2008!

Get those resumes dusted off and update them, because we're in a job
seeker's market now, with rising wages, benefits and bonuses!

It's Morning In America, bitchez!

Flatchestynerdette's picture

@TruthInSunshine who wrote "Average Americans are now so flush with cash they can eat organic, vacation like ballers, and they don't have to buy cheaply made, poor quality Chinese & eastern block and South American goods, being able to purchase finely crafted, perfectly fabricated USA goods, instead.

That's why the Baltic Dry Index is increasingly irrelevant.

USA USA USA USA!!!!"

My Response: With people forking over $10,000 PER TICKET for the superbowl and that was on the end zone nose bleed seats, you betcha we don't need no stinkin chinese stuff anymore. The problem is the manufacturing facilities in the USA have been mothballed or themselves sold for scrap metal so to get a small water facet made in the usa its now 'green' 'low water flow' "scald protecting' which means no hot water just luke warm so everyone is trying to find parts from 10 years ago to retrofit their homes when you could flush a toilet and it actually flushed! I'm not sure 'made in america' isi the best way to go right now....

jonjon831983's picture

It's not just the mothballing, it's the skill gap that increases as time goes on.

Hitlery_4_Dictator's picture

This is just more propaganda, if they would have used CBO and BLS numbers this would be more realaistic.  I refuse to belive this, and anyway who needs the Baltic Dry Index anyway, it's outdated, there is simply no need to track this old economic indicator anymore. We have iphones and facebook now.  We have made such technological advances that you can't track all the digital movement.  

logicalman's picture

I'm sure an iPhone and Facebook will be able to move a few hundred thousand tons of steel for you, no problem!

I feel, at this point, that my sarc detector may have ceased to function. No half way sentient being could type what you did and really be serious.

 

 

Hitlery_4_Dictator's picture

lol - it would be hard to be that 'tarded

logicalman's picture

I've met too many who are, maybe!

They don't seem to find it all that hard!

 

Never One Roach's picture

There's some real value in FB and Twitter ... as opposed to companies like CAT that only produces heavy equipment.

Self-enslavement's picture
Self-enslavement (not verified) Never One Roach Feb 6, 2015 8:12 PM

They are valuable alright. Valuable to the Chosenites that is, as a vehicle to steal Gazillions from the Christians, Muslims, Buddhists and other non-chosenites.

Sam Clemons's picture

Isn't this the fault of the central banks again?? Extending easy credit to build way too many ships now rates have to plummet until we destroy the ships to stimulate the economy.

Hitlery_4_Dictator's picture

No, it's the fault of all these idiots calling for austerity. We need more money, retards are hoarding, we need negative interest rates to force people to spend.

zeropain's picture

why so iritated, your not caught in a liquiity trap are you? 

Self-enslavement's picture
Self-enslavement (not verified) zeropain Feb 6, 2015 8:14 PM

He's a Banker all freaked out because he's afraid the people are going to take his printing press away from him and his Chosenite friends.

fascismlover's picture

Hitlery..I have noticed you have a real passion for the "truth".  Can you help a fellow truther out and get me some work with your firm?  I am good working from home and can post all day for the right price.  Let me know if I could be a valuable asset to your team!

Hitlery_4_Dictator's picture

I follow the truth where ever it takes me. Thanks, it's hard work but someone has to do it.  I got a good friend that works for the CBO and he crunches a lot of numbers, so I get a lot of great inside info.  

Self-enslavement's picture
Self-enslavement (not verified) Hitlery_4_Dictator Feb 6, 2015 8:15 PM

Your a pathetic little troll %#*+^ sucker

MontgomeryScott's picture

No, no, no.

He has a good friend who works for the 'CBO' who makes $587.23 per hour from home on the internet. To find out one wierd trick that shows you how to do the same thing, log on to 'Cunts and Bastards Organization dot com' (the guys who make up the fake numbers for the puppet politicians in the CONUS, INC. D.C. Vichy 'government').

For an extra 15% discount off of their ridiculously low investment price ('NIRP'), use the discount code 'Hank Paulson'. (For an additional 5% off, mention 'Helicopter Ben Shalom')

Also, ignore any 'negative indices' like the B.D.I. These facts cannot get in the way of your 'Happy Happy Joy Joy' hopey-changey green-shooted recovery thingie.

Sincerely,

The 'Sham-Wow man'

logicalman's picture

I feel, at this point, that my sarc detector may have ceased to function. No half way sentient being could type what you did and really be serious.

divingengineer's picture

I'm sick and god damn tired about hearing about this Baltic index and all your other fundamentals. Just buy the fucking dip you cunt.

Bloppy's picture

And Cramer took Friday off. Not that he cares about credibility or anything

 

SI Swimsuit follows Nationwide's strategy: hey, let's piss everybody off!

http://tinyurl.com/l55zd7h

MontgomeryScott's picture

"Dow 30,000."

The look on your face when the Chinese tell you that your money is no longer worth anything: PRICELESS!

will ling's picture
will ling (not verified) Feb 6, 2015 5:49 PM

besides , bruce jenner flipped, whirney's daughter ..... , brian williams lookin ' to blow someone to save his skin, and on , and on, .....

HowardBeale's picture

Just wait for Goldman to send in the Muppets short, then go long and leveraged. Nothing easier than playing Goldman's rec's 180 degrees out of phase.

gwar5's picture

Wow. The BDI is headed back to de daze of Jimmy Carterville. There it shall remain for another 35 years because crushing the middle class has never failed to revive an economy.

cossack55's picture

Not really. The BDI was born in 1985.

11b40's picture

Sorry to pop your bubble of delusion, but that low was under Raygun & Bush.....second term, too.

Rainman's picture

OK .... guess this means stawks get to throw BDI onto the growing heap of negative macro data it ignores.

SHEEPFUKKER's picture

Can it go negative? Just asking. 

seek's picture

There's no reason it couldn't, but it would imply shipping companies would be paying people to ship with them, I can't think of any scenario besides capturing market share where that would make sense from a financial perspective.

Shipping at a loss can make sense in terms of minimizing overall losses, but actually going negative, probably not.

fed_depression's picture

Sounds like the perfect new $100B IPO to me.

 

Match up with all the losers who do the same thing like Tesla, Twitter and the likes. Just give it for free to get the monopoly and profits will automatically come later.

 

Let's go to Goldman and pitch it.

MontgomeryScott's picture

"I can't think of any scenario besides capturing market share where that would make sense from a financial perspective."

SO... Walmart is thinking about getting in to the 'transoceanic shipping business', huh?

I guess they'll have to intervene in the current Longshoreman's Union Pacific Coast 'work slowdown', though. AHH... THAT explains the whole 'legal illegals' scenario! Why pay an average of $147,000.00 per year (plus retirement and bennies); when you can hire a wetback to do the same job for a couple of tacos and a gram of coke a day? OOPS... Juan just dropped a container of HDTVs... on Fidel and Chewie... but we have insurance through A.I.G. (via the Government Employees Insurance COmpany), so who gives a shit!

Liberian-flagged ships will soon be under the flag of the 'smiley face'...

(In case you didn't understand, here is the obligatory <sarc> tag)

lakecity55's picture

Solution: put troubled Youths on the ships and have them work. For free. Three years, you get your mechant papers.

Rainman's picture

lol ... well I guess the ship could pay the shipper to ship.

Monty Burns's picture

LoL!  Was trying to think of a clever response when I read yours....

MontgomeryScott's picture

Grab your tongue with your index finger and your thumb, and try to say that again (I dare you).

lakecity55's picture

"It's time to spit on your hands, Hoist the Jolly Roger and every man for himself!"

"Arrrrr!"

lakecity55's picture

+1! You beat me to it!

Das Boot.

Hitler could have Mastered Europe.
Yet, as recorded in Table Talk, he himself admitted he had not changed his fundamental views since Vienna. That was his downfall, along with his lack of continuing learning, the human failure of eventually believing his own propaganda.

And his other gaffe, haha, having the Italians as Allies!

Maybe someone can find it, but there was a German Flag Officer who stated, "I do not know who will win the next war, but I  do know the side who loses will have the Italians as allies."

roadhazard's picture

" Hitler could have mastered Europe".  Uh, no.

seek's picture

I love how this and many, many indicators are screaming the economy is worse than during the 2008 collapse... and the headlines have nothing to do with finance.

They're avoiding talking about it so hard it's making it obvious.