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Global Trade Just Snapped: Container Freight Rates Plummet 70% In 3 Weeks
"This market is looking like a disaster and the rates are a reflection of that," warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines - having collapsed to all-time record lows this week - it is the spefics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone. This almost unprecedented divergence from seasonality has only occurred at this scale once before... 2008! "It is looking scary for the market and it doesn’t look like there is going to be any life in the market in the near term."
Baltic Dry at record lows...
And Shanghai Containerized Freight collapsing...
Shipping freight rates for transporting containers from ports in Asia to Northern Europe plunged by 27.9 percent to $295 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
The drop came after spot freight rates on the world’s busiest route dropped 39.3 percent last week, and the current rates are widely seen as loss-making levels for container shipping companies.
The spot freight rates for transporting containers, carrying anything from flat-screen TVs to sportswear from Asia to Northern Europe, has fallen 70 percent in three weeks.
In the week to Friday, container freight rates fell 22.5 percent from Asia to ports in the Mediterranean, dropped 8.6 percent to ports on the U.S. West Coast and were down 8.0 percent to ports on the U.S. East Coast.
But even more concerning is this collapse is occurring just as the containerized freight industry enters its golden seasonal period...
Now where have we seen this massive unprecedented decoupling before?
Of course the clarion calls of the status quo, everything is awesome, optimists is that this has nothing to with demand but is merely due to over-supply of ships...
Supply has indeed surged...
Source: @M_McDonough
But only thanks to totally manipulated and decoupled-from-reality signals from 'markets' that caused firms to massively mal-invest in building ships for the renaissance of global trade... which never happened...
In fact, as the chart above shows, growth in global trade has been slowing down for some time, as Acting-Man's Pater Tenebrarum notes,
But somewhere between collapsing oil prices, dollar strength, and consumer lethargy the economy’s narrative has drifted off plot. The theme has transitioned from one of renewed growth and recovery to one of recurring sickness and stagnation. Mass malinvestments in U.S. shale oil, Brazilian mines, and Chinese factories and real estate must be reckoned with.
Price adjustments, bankruptcies, and debt restructuring must be painfully worked through like a strawberry picker hunkered over a seemingly endless furrow row of over ripening fruits. Sore backs, burnt necks, and tender fingers are what the over-all economy has in front of it. The U.S. economy is not immune to the global disorder after all.
More evidence is revealed each week that the unexpected is happening. Instead of economic strength and robust growth, economic fundamentals are breaking down. Manufacturing is slowing. Consumer spending is soft. For additional edification, just look at copper, iron ore, or aluminum...
Charts: Bloomberg
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bah! humbug! christmas past is delusion. christmas future is syrup. it is really, really going to be a sour christmas and a shortage of coal winter.
I guess retailers finished stocking up last week for the remainder of the year
Decade, not year.
I see a new business opportunity: Ditch the cruise ships and take a Freight ship.
Now just to find a catchy name and build an app for it.
PS yeah, no porn link this time. I know it sucks.
No it doesn't suck, this is better.
LOOK AWAY, there's nothing to see here, the economy is splendid,
did you see the DOW this week?
Oil prices are low because the supply is out of control, those damn Saudis.....
Has nothing to do with plummeting demand....
dat's 'cause everybody is trading amazon gift cards this year.
Better get moving if we're going to have war before it all burns down
"nearly everything is screaming massive deflation"
FOOD
IS SCREAMING MASSIVE DEFLATION?
Exactly WHAT PLANET are you living on????????????????
Have you really CHECKED OUT what has been happening to the price of food these past months?
And Pharmaceuticals????
And Healthcare???
And College Tuitions???
Are you a Complete Fucking Idiot???
'Normally' I don't endorse screaming, in this case I do.
Seasonally adjusted :)
Make that double seasonally adjusted and you've got a deal...
The next boom will be in fired munitions being traded.
Has anyone here gone shopping lately? I went to Target the other day. I used to like the store but it started really going to shit after everyone's credit crds got stolen by hackers who nailed Target.
I now hate Target because Gov. Mark Dayton (D) of MN told the AMERICAN citiens of MN that if they do not like being flooded by vile Somalis and other illegal alien invaders that they should leave MN.
Dayton's family aka Dayton-Hudson are the majority shareholders in shitbag Target.
This MF'er Dayton - D (MN) deserves to get what Mussolini got.
Thanks to Obola inflation and endless money printing, the price of clothing there is laughable. Targets earnings have been shit and I hope they die with KMart.
Target's last earnings were GOOD and they raised forward guidance UP.
"Has anyone here gone shopping lately?"
The wife and I had Chili last night, got the ground beef "on sale" at over $4 per pound! See the Bundy Ranch Stand-off for how our Government is treating our beef producers...
Have you seen the price of a freaking turkey Or eggs? Bird Flue they say....
How about Pork? Porcine Epidemic Diarrhea virus...
On and On, it's all Government Manufactured inflation if you ask me!
$4 a pound for ground beef? It was on sale, huh?
Just wait until TPP kicks in and they start selling US beef all over the globe....then check your beef prices?
From Tom Vilsack, US Agri Sec:
"The pact would help American beef producers and others tap into a growing population of Asian consumers who are demanding high-end, safe food products, Vilsack said (in Toyko)." (Financial Post)
Bargains, bargains, everywhere! And yet I still can't afford to buy anything, dammit! Whatever went wrong?
I think almost everyone across the board is getting squeezed. Many of the stores I go into are empty and I walk out with nothing. I do not spend all my time doing that but once and a while I might go into a store. The prices on so many things are insane. A small tin of Kiwi shoe polish is between $5.99 and $7.99! Endless other examples as well.
Meanwhile, assuming someone even has a job, wages have been stagnant or dropping for the past 15 years.
I have recently bought Kiwi black and brown and have put them with my Mink Oil.
I cannot document their cost, but i know that it is a lifetime supply.
I've noticed recently that there isn't a car battery under $100 anymore, and most seem to be $150 and above, at least in the local market, which you would think would be more competitive since a 'battery store' seems to have cropped up on every corner.
Do people really go to the battery store?
(Actually i went recently and bought a $20 (maybe it was 18 bucks) Duracell auxiliary battery that would have cost me $100 at the Mercedes dealer.)
Plenty of car batteries for about $75 to be had at Advance Auto and you can always get 40% off coupons to make them under $50.
That said, the one big change is a lot of car batteries that used to have 4 to 5 year warranties now have 90 days to 2 years warranty, and they do fail faster.
Don't say 'damn Saudis' - they are friends and allies. That's the new paradigm of friendship!!!
It's all very well to talk about containers, but has anyone taken into consideration that there are now two freight railway services from China through Russia to Northern Europe? That's not two services, two railway lines for freight services. One goes to Hamburg. Whatever they transport there now should be taken into consideration. It can be helpful sometimes to look in other places than the MSM, look 'beyond the headlines' or you get a screwed picture, a skewed view or some such like.
You do seem to have sucking on your mind frequently.
Talking about sucking, here's something hard to digest:
http://goo.gl/KQoyUs
If you cannot find porn on the internet, you will never be hired by the SEC.
DEA,IRS,NSA,EPA, OPRA...
https://www.freightercruises.com/
and many, many more...
Q: How much does it cost to travel by freighter?
A: The cost of cruising on a freighter averages around $100 per person per day including meals (some ships are more and some less). Traveling alone isn’t much more expensive than traveling with a companion.
But it will suck when they make you put your Pina Colada down, put a mop in your hand and make you swab the deck
Put a swimming somewhere in the middle of that freight ship and you got a deal!
Park those container ships offshore, convert the cans to mini apartments, and collect rent who says you can't make money while your at anchor...
Helicopter $ coming monday
If It's not 10 grand it won't help.
Get NIRPy widdit.
I'm thinking that they wouldn't miss $322,327,914 million very long.
http://www.usadebtclock.com/
( that'll inflation the bitches)
XAU and XAG liftoff soon.
I am immune to that phrase.
That is microagressive.
Nope, at least not in USD terms. Much as I wish you were right, nearly everything is screaming massive deflation. The asset classes that aren't deflating are pretty much just investment-specific classes (rather than economy-specific like ores, etc) that had QE dumped on them -- and QE is gone, so they're starting to turn as well.
In the meantime, USD is skyrocketing due to everyone else devaluing against the USD, and also dumping non-USD demoninated investments and buying dollars as a protection from what's about to hit.
I'm not sure what the floor is going to be on PMs, but I'm preparing myself to see an $8xx print at some point in the not distant future. I won't be selling. It's insane, given the amount of QE that's taken place, that it's trading as low as it is today, but you have to accept PMs are the bastard, red-headed step-child asset in the current fiat banking system, and any money pumped their way is going into suppressing prices. We know that CBs are loading up on it, so it won't stay down forever, but I have no doubt at this point it's going to be beaten to death until the very last moments of the reset.
Liftoff will happen, and when it does, it'll be breathtaking, but it'll be due to seeing insane thing happening in fiat valuations and TPTB losing what little control they have left of the financial system.
Well said. I agree with almost everything. This I disagree with though: "TPTB losing what little control they have left of the financial system". I think the cornering of the PM derivs market & the continued institutional selling from these highs are just a couple of indicators to me that they are preparing for whatever comes & will press the button when they are good & ready. It will be they who pulls the plug. They will have already sold all their treasuries, probably to pension funds & the taxpayer, by they time they fall apart. TPTB will be the main beneficiaries from the collapse. Them & a few of us extremely patient ones. I believe the dollar will collapse eventually, though we may have the NATO v China/ Russia war first. I will be smiling that day.... if I'm alive!
The PM market -- the one we see into -- is tiny, and easily controlled.
All this other stuff is much, much bigger, and if they had control, we wouldn't be reading about it. The fact that they're moving to benefit from a collapse actually supports the notion that they don't have control over things, but are merely parasites taking advantage of situations that present themselves.
Pretty much the entire history of finance since the Fed was created is about them losing control and using more and more tricks to try and recover it. You don't devalue against gold if you're in control of the markets, you don't end Bretton-Woods if you're in control, you don't print trillions of dollars if you're in control. All of those steps look like they're in control, because wow, look at all that power being displayed, but none of them would happen if they actually had control. The market is a living, uncontrollable beast comprised of the collective impulses of 6 billion people. The Fed, et all, are delusional schizophrenics that have cause and effect reversed and think they're god. When the beast turns on them and their spells and mantras work as well on the market at the do on pit bulls, everyone will see their delusion, and that simply accelerates things. Again, the fact that some smart ones position to benefit from this awakening just shows they're smart, not that they have control.
If you've noticed lately, there's a whole lot more questioning of the Fed and CBs in general. Once you spot the wizard behind the curtain it's over, and that's right where we're at.
I can only hope you are right, seek. Because I am beginning to lose faith in the ability of markets to correct the errors of Central Planners.
They always do. It may take much longer than anyone imagines, but they do correct.
Now, we have a situation where the planners do everything they can to stop it, and all that does is wind the spring that much tighter.
If you want hope, look at the collapse of the USSR. No one imagined that until it was practically happening.
"Helicopter $ coming monday"
Oh yeah, like the motherfucking demons who run the Fed would ever DREAM of giving any money at all to the average prole. Dream on, Sparky. The only "helicopter money" that will EVER be deployed is the money that will be lavishly spent on the Banksters and Wall Street. The rest of us can go die in the streets, for all the Fed cares. Fuck those evil Bankster Fed Demons from Hell.
I disagree. It'll happen eventually. Bet on it. There have already been calls for it, under the guise of "QE for the people". Most people will probably use the money to pay off high interest debt, which means they will just give the money to the banks. So, in the end, it will end up being yet another bank bailout, but watch, before this crashes, they will indeed try helicopter money.
How long do you think it would take them to unveil a program like that? That, and I do not think people would be rushing to pay off debt. More plasma teevees, icrap and grape drink.
I will take the counter bet. No $ drop for the Sheep.
They'll just pay off debt, like the student loans, or change mortgages to lower interest rates if possible, thus fronting up cash to the banks. They'll be able to think of some way to transfer cash to the banks while making people feel like they're getting a dig-out too. There are so many ways to do it but essentially it will just be a direct transfer of taxpayer $ to the banks. People will feel better off though.
here in NJ, the average schmuck would use thier "helicopter money" put a down payment on a mercedes SUV lease, to create a facade that replicates wealth, ignoring the fact that their net worth is $300k in the red, AMEX cut them off, and they haven't made a mortgage payment in 3 months.
it will be mandated that those with debts have to use the money to pay down debt. This lowers the amount of debt and recapitalizes the banks...now how do we unwind the derivative bets?
Nice.
Haven't you been paying attention? The DEBT is the Munny supply! Pay off all DEBT and there is no Munny in existence. This is WHY CB's are fighting tooth and nail against deflation.
I agree. No idea what form it takes but that is my guess, direct to us. And they will give it a pretty new name other than QE. I wants me some of BOs stash.
I usually agree with you, Carl, but not this time. Money will go to the "people" only in the form of the public sector (government) and then back to the banks. Why give money to people who can't be relied upon to spend it the "correct" way? The government is bought and paid for already. They will spend it the "correct" way. Therefore, they will get the money.
When bush did his we got 1200 bucks back, we just put in the savings account. Didn't need it. Even the house was paid off. Still ownn it . But not the 200 k house we have now I bought at auction for 132 k . Any check I would get would go into Pms. They can have this thing I have 3 others free and clear
I'm with you. It's going to happen, and the timing couldn't be better for the socialists to throw money at the poor.
Remember with the Bush stimulus checks, the funds were tapered as your income grew, so they already knew to send the money to the poor. My guess is this go around the amounts are going to be much larger.
The debt ceiling is gone, so the government is now clearly in full-on loot the treasury mode without restriction.
The left is desperate to consolidate/buy power, and the money spent will go to the either banks or corporate backers. We're going into an election cycle with a government that's never been viewed as less legitimate than it is today. Healthcare costs are skyrocketing, etc. This is going to be a slam-dunk sell.
There will be helicopter money, and it will be a firehose aimed at voters to create the illusion of a socialist mandate -- the very poor's votes are already in the bag, so the money is going to be aimed at those that are most independent or at-risk right-wing voters: the recently made-poor middle class, especially those where were the lower middle class that got killed by the economy and Obamacare. A 32-hour a week minimum wage worker is probably going to get sent a check equal to 10-20% of their annual pay, with the clear message there'll be more, but only if they vote the right way.
If I remember correctly, I paid tax on it.
Lemme du som qik maff.
$1,000,000 x confiscatory tax rate would equal a short term economy boom.
I bes be makin som chillins in a quik step.
Den u needs yo Ejaculate Betta Today carr!
Given a $10K windfall, half the average proles would would go on a spending spree. That would please Krugman and Yellen immensely.
Unfortunately, the other half would use the $10K to pay down existing debt (mortgage, credit card, car loan, student loan). That would give the Neo-Keynesian economic models conniptions. Paying off debt removes "money" from the "money supply". Printing money only to have it vaporized from the banks' balance sheets is not something they would ever do.
Helicopter money drops will go to very low income people in the form of low-income tax credits and free shit social programs, and to large financial institutions. There may be some for large entities on the verge of default (Puerto Rico, City of Chicago, State of Illinois, etc).
There will NEVER be "QE for the middle class". The economic models show that it would be counterproductive.
10k and i buy a monster box and lap dances
I would buy .45, .380, 22LR, 9mm Parabellum and a 30.06; but I am confident that good stuff will not be on the Bill of Fare.
Those dancers won't be too pleased when you stuff a cold Silver Maple in their G-string
This is easy to fix - from a sociopathic Soviet central planner's point of view.
Don't issue the money in cash, or checks, like the Bush stimulus. Instead, issue a GOV debit-card with money on it, that can only be spent on consumer goods, services, etc. It can't be used to pay off credit card debt, mortgages, car loans, etc. Because, as itstippy points out, in our insane debt=money system, when debt gets paid off, money literally gets destroyed.
The government could even partner with some of the mega retailers - Walmart, Target, etc - and stipulate that the cards would only be accepted at those locations. Then the circle of corporate fascism would be totally complete. The megacorps would get a huge bounce in their numbers, Wall Street is happy, and the government has dispensed more free bread to keep the slaves from rioting.
You can attach time limits to these cards, too, so that if the helicopter money is not spent within a certain time frame, it simply expires. Nothing like telling people that free money will disappear to get them to spend it.
Given that JP Morgan already makes billions per year managing the EBT program, it seems a pretty easy deal to get them to manage this proposed program too. You can call it something like "Basic Income" or "Social Credit" or "Citizen's Dividend" or other such soft and fuzzy phrases from the book of Statist Rainbow Unicornology, 2nd Edition.
Stop it! Stop it! You're scarin me man!
brotha be sellin his goober card for bengies to a cracker for some double O bro's and some crack
Hmm, are ASE's and AGE's considered a "consumer" good? If not, meesa be buyin' Au chains, enough to turn Mr. T green with envy!
itstippy: Why would "the other half" use $10k to pay down existing debt when they could use it as a deposit to borrow another $200k ? Hell, they'd probably even get the $200k through a pay-day lender so they don't have to wait for the givmint and they can start spending straight away! See why they only give munny to idiots? More bang for the buck.
umma gumma
"Helicopter $ coming monday" --
For whom exactly? I don't see how giving the bankers and financiers more free money is helping. Such "let the majority eat cake" monetary experiments have been tried before.
Somebody is shipping containers, because we are drowning in the fucking things over here at my house. The wife insists on collecting them in the pantry; yogurt, margerine - you name it.
I hate the little flimsy cocksuckers - they always flip over in the dishwasher and get filled up with gross water and floaty bits...
They're trying to heli-drop money already - isn't working. I get a pre-approved credit card EVERY OTHER day, with glossy pamphlets and teaser rates, and EVERY OTHER day, they go right in the trash.
We've contained some folks.
And containerized some other folks.
So who owns all those under-utilized ships ? Greece ?
http://www.worldshipping.org/about-the-industry/liner-ships/container-ve...
https://www.google.com/#q=container+ships+for+sale
Shipping industry alliances Container ship industry alliances, as of March 2015 Alliance name Alliance participating companies 2M Maersk Line, MSC Ocean Three CMA CGM, CSCL, UASC CKYHE Alliance COSCO, K Line, Yang Ming, Hanjin, Evergreen G6 APL, MOL, Hyundai, OOCL, NYK Line, Hapag-LloydIn an effort to control costs and maximize capacity utilization on ever larger ships, vessel sharing agreements, co-operative agreements and slot-exchanges and have become a growing feature of the maritime container shipping industry. As of March 2015, 16 of the world’s largest container shipping lines had consolidated their routes and services accounting for 95 percent of container cargo volumes moving in the dominant east-west trade routes.[92]
Carriers remain operationally independent, forbidden by antitrust regulators in multiple jurisdictions from colluding on freight rates or capacity.
https://en.wikipedia.org/wiki/Container_ship
It's just Santa switching to just-in-time stocking and drone delivery.
Harpex down to 389
http://www.harperpetersen.com/harpex/harpexRH.do?timePeriod=Years10&&dat...
Its all time low was 275 during the "Great Recession".
And, trucking levels are down: http://www.dat.com/resources/trendlines
So are railroad car loadings: https://www.aar.org/data-center/rail-traffic-data
OT, but I found this to be QUITE interesting, how the NYSE has joined NASDAQ in eliminated Stop and Good till Cancelled orders effective February 26, 2016
http://www.marketwatch.com/story/nyse-joining-nasdaq-in-eliminating-stop...
so it just got cheaper to lose your guns and gold in a boating accident?
Yes, both boats and gold are quite cheap now so go for it.
Q: Lost your job? Credit maxed out? Wolf at the door?
A: Go buy a buttload of imported crap and have fun!
.
Deindustrialization has its consequences.
"Deindustrialization has its consequences."
I remember when NAFTA was being debated on Capitol Hill. The phone calls, letters, and faxes were 9 to 1 againt it, so of course it passed. A year later when GATT was being debated on Capitol Hill, the phone calls, letters, and faxes were 99 to 1 againt it, so of course it passed.
Anyone who thinks America is a democracy is an idiot. America is nothing more than a bloody, vicious oligarchy, and this is going to end like all oligarchies do.
Well, it's a democracy only insofar as they tally dollars, not people.
...and this is going to end like all oligarchies do.
With lots of boiled rope?
and ross perot has funny ears, hee-haw, hee-haw
You didn't ship that!!!
.......someone else didn't.
I call bullshit on this one.
Shanghai containerized freight index is a RATE index, so, disingenuous to say "FREIGHT COLLASPSING!"
Per your chart, supply has doubled since mid 2009. Fuel halved in the last year.
Even if volume was steady, WHAT DO YOU EXPECT RATES TO DO?
The only chart that matters is world trade volume, which has indeed softened since early 2015, nothing "SNAPPED!"
Weekends seem to be the time the Tylers get their panties in a bunch. B-team?
Don't you DARE call BS on the Tylers.
Or you will get fisted on the Fight Club.
Asshole.
Read below.
Good enough?
So let me see if I have this right...YOU FUCKING PIECE OF SHIT GOVERNMENT APOLOGIST TROLL...
You are claiming that all of those fuel price declines happened...IN THE LAST THREE WEEKS. That is the cause of the Shipping Rate Declines, right?
You are claiming that all of the excess inventory of Freighters came on line AND BECAME OPERATIONAL...IN THE LAST THREE WEEKS. That is the cause of the Shipping Rate Declines, right?
You are claiming that World Trade Volume has softened since the begiining of this year...BUT THE EFFECT HAPPENED ONLY IN THE LAST THREE WEEKS. That is the cause of the Shipping Rate declines, right?
In case that you are either a total ignoramous that is absolutely ILLITERATE...
SHIPPING RATES HAVE DECLINED A WHOPPING 70%...IN THE LAST THREE WEEKS.
SHIPPING RATES HAVE DECLINED A WHOPPING 70%...IN THE LAST THREE WEEKS.
SHIPPING RATES HAVE DECLINED A WHOPPING 70%...IN THE LAST THREE WEEKS.
I wrote that THREE TIMES SO THAT IT HAS A CHANCE TO SINK INTO YOUR NOGGIN.
But I cannot believe that ANYBODY IS THAT GOD DAMNED STUPID....other than the 15 OTHER FUCKING MORONS WHO GAVE YOU AN UPVOTE SINCE THEY LACK THE ABILITY TO CRITICALLY ANALYZE WHAT THEY HAVE JUST READ.
So just what are you going to claim? Dishonesty? Or Stupidity?
Personally I believe it is the former attribute.
i chuckled heartily.
thank you ;-)
This entire system demands only one result....growth.
Growth is stopping so the system will be stopping as well. Time for money drops to get the wheels lubricted and the prols spending.
Is Black Friday cancelled? We can only hope.
It's now beige Friday.
Lavender Friday please! This is a Safe Space afterall.
It's now called Caucasian Friday because Black Fridays Matter
Oh Thtop it...
...but, that would mean no 'Orgy of Violence' door buster special videos that have come to mark the beginning of the Holiday Season.
Where's your Holiday Spirit?!
You misspelt splint.
He had High hopes
He had high hopes
He had high , apple pie in the sky hopes..................................
http://bgr.com/2015/11/19/radioshack-black-friday-2015-deals/
Beats Headphones? There will be blood!
Whoops, there goes another rubber tree plant.
Buncha shit that will be collecting dust or sitting in a landfill 1 year and a half from now.
I love watching self correcting problems.
I would be happy if they just stopped the black Friday TV commercials!
Just turn off your TV, or kill it like Elvis did.
Interesting enough, I watched commercial TV for the first time in over 5 years a couple of weeks ago. Every other commercial was selling dick pills to boomers or some other drug. The others were for feminine hygiene products or financial services... I'm not sure which of those two craves blood moar.
The Brazilian real has a lot of catching up to do !
True. I gave my son most of his Christmas presents early this year. Something tells me Daddy is gonna be in a bad fucking mood in December.
I hope you got Clyde more than a bunch of bananas!
Bullish Container Freight
They will use those empty shipping containers for new homes in america...or prison cells...
They could use them for moving Chinese immigrant to Europe but the Syrians have taken all the spare refugee spots.
The Chinese should be reminded to hurry up before there is no places left.
I never agreed with the Chinese custom .... of grabbing girl babies by the ankles .... and whacking their heads against a tree .... it's more humane to put them in a plastic bag .... just kiddin' .... there is nothing black about the first day of the Christmas season .... it's a blessed and joyous day .... except, for Muslims .... to them it's scary .... like night time is for fish in the ocean ?
over supplying that happened 3 or 4 months back only tells me
they(Da Club) knew sumptin was up
the noose is less slack than it was before
That "World Trade Volume" chart was the punch line, but does anybody know what the measure used is--metric tons, normalized dollars, retail units, newly grieving sailor's wives, etc.? Is it limited to any specific classes of goods?
http://www.funny.com/cgi-bin/WebObjects/Funny.woa/wa/funny?fn=C558V
Bob, after six years you can't do your own basic research?
My Name and Time is for sale.
$170,000 US.
Time.com is owned by Time Magazine.
Arnold.com is owned by Arnold Schwartzeneggar
What exactly is it you are selling for $170,000.???
Ah...
Since you are our first customer of the day, let me explain all the features to you......
Commonsense and subsequent evaluation of the results of my research informed the question, Ahh-node.
Nice of you to check my membership longevity and throw a joke, but wtf is the answer, wise guy?
World Trade Volume is not a uniformly defined metric. The unit of measure is fundamental to meaning.
You want me to supply you with an answer?
Better to look at your own developed metrics than the ones I can give you.
and they all look sorry.
Talk at me any time Bob.
It's like the constitution now being worth a pinch of shit. The equation and meaning is in the eye of the beholder. IE biblical.
What do you call a guy with no arms, no legs, being towed behind a CrisCraft? Skip!
Why doesn't the Government just make the shipping company's charge more?
No more recession. Problem solved.
Or they could just subsidize them a little bit while asking them not to report such negativity without a little socially conscious editing.
You're closer.
What they really do if you tell the truth is remind the people that track the statistics that they need to comply with every law... or else.
If the world's navies sank a bunch of ships, maybe the BDI would pick up.
Shouldn't be long now.
A good war would work wonders for the excess supply of oil, metals, ships, trucks, construction equipment, etc. WAR is the answer.
- - -Paid for by your friendly spies @ the CIA and NSA. Oh, and stop watching that porn in your other open brower page. . .
Put my Christmas tree up this morning .... am listening to Noel music .... on my Roku .... a nice mix .... being old, I prefer the more traditional stuff .... but the Noel mix is starting to get me into the Christmas spirit .... Merry Christmas to all .... now, more than ever ?
How DARE you use the word Christmas to describe this period of time.
It's THE HOLIDAY SEASON, dickhead.
Get a clue.
And no, I'm not going to post /sarc so Fuck off.
First you start with Cultural Imperialism via MSM. Then escalate to Cultural Warfare via Diplomatic means (Sanctions) = Cold War 1
Then it's time for Currency Wars (FX and Stocks), it's Trade Wars (Trade pacts). = Cold War 2
After that, it's Sabre Rattling, Proxy Wars (Iraq, Syria, Ukraine) = Hot War 1
In parallel... Demographic Warfare (Refugee Swarms), Weaponized Pandemics = Hot War 2 (Pre-WW3)
Then, finally... "Things get really serious": You move to the Southern Hemisphere or batten down the hatches for WW3. = Hot War 3
In this realm.
One needs to get interdimensional to see the end game.
Think CERN and mushies and columns of light and egregores.
Nuclear Winter will eventually spread globally. You would have a little more time though before the radiation sickness kicked in. I was thinking that a deep-sea, self contained habitat would last for many years.
No problem, take all the empty containers, fill them with spray foam, tie them together with chains, drag to a nice spot (warm and sunny) and anchor them hard. - sea habitat constructed.
I got several for sale.
The hot wars of the past often occurred during major period of disturbances in the currency market. If there was no way to continue global trade then the people would see little alternative and accept war as a solution.
Today there is no reason why international trade has to die. There are serious problems with the current reserve, the dollar, but in this case the Euro is ready to serve as an international medium of exchange should the dollar fail. It is a way to the future 'without war'.
I'm sure many think I'm nuts but these are not my ideas. Those who write these comments off as irrelevant, can never say why. They do not understand the Euro and see it as another fiat currency (which it is) but they do not understand that hidden in plain sight is a structure that allows (or automatically forces) it to rise as the dollar fails. It goes like this:
If the dollar fails then the price of gold, the only widely accepted store of value and universal reserve, rises in dollar terms. Think $50,000 gold...Now consider the balance sheet of the ECB. The 10,800 tonnes of gold it reports on it Consolidated Financial Statement each quarter would now be worth 17 trillion dollars instead of the 380 billion it currently reports...because the ECB marks its gold to market.
Can you see how the Euro gains as the dollar loses?
In this moment this means nothing. We have a gold derivative market that keeps gold at commodity value. That link will fail. Central Banks understand that gold is not a commodity. It is the worlds only real wealth asset that central banks can hold. For now they support the IMF system by holding treasuries but why is China moving to gold? and Russia...and everybody...? It is because a phase change is coming. Treasuries will fail as a reserve and one day gold will (probably suddenly) be declared the one reserve.
I guess I should just write these things in a diary because no one here has even responded intellegently to my comments. For those who do consider them the rewards will be great. The list is long of gold experts who have never commented on the structure of the Euro.
Earlier in the year, I sent this to a friend who has been confused about, and disappointed in the paper price of gold:
Should anyone you know question the wisdom of holding gold, you might want to refer them to this link:
https://www.ecb.europa.eu/press/pr/wfs/2015/html/fs150623.en.html
It is the updated Consolidated Financial Statement of the ECB.
Note what is at the top of the (left) asset side of the ledger: GOLD. The figure represents roughly 10,000 tons, and it is the single most important asset held by the bank.
As the old saying goes, they may be dumb, but they ain't stupid.
Yep. China is trying hard to catch up.
Re; why gold, this should leave even the most skeptical converted,,,
https://mises.org/files/future-price-gold-mark-thorntonmp3/download?toke...
You are correct eeyore.
Dollar will eventually fall. EURO will not be any sort of savior.
Chinks are positioning, but compared to the cancer ridden EURO, they are ephemerial spirits only.
Now, if you want an explanation better than me explaining string theory to an ant, you have got to break out of your academic shell and go on walk about, and experience something other than theory.
From next door (Henderson) The Muslims can easily take over Europe. It seems to be in progress. Believe it or not Nostradamus predicted this. No one has mentioned that. The France action was not wise. It must have been done by some lower level inspired individuals because it was not well thought out and was a foolish action in the scheme of things. The U.S. (a couple of bombs later) will become weak. A giant that has lost it's balance. The Federal Reserve has been able to inject massive amounts of money and keep the economy propped up. Can they continue to inject money without a public backlash? That is the horse race.
Putin said it all...we may as well fight them in Syria otherwise we will have to fight them at home. Will Europe ask Russia for help? They have always been "I'm tough but I cry easy." (Other than Hitler who was nuts.)
I seen where when they cracked some of ISIS communications. Reno and some small towns in Calif. were on their list to attack. Las Vegas wasn't....interesting to say the least. (That don't mean some small splinter group won't.)
I am not a gold bug but food, gold coins and ammo look reasonable now.
More yada, yada, yada bad news.
Short of a mushroom cloud over a major city,
just what will have to happen before the ultimate
societal reset?
Probably continued bad news will do it.
LACK OF FOOD
Hunger, true hunger, is an amazing motivator.
Most Americans hace not ever experienced it. But you can be assured that..they will,
Yes. They will.
You really do not know it until you have experienced it.
And I can tell you that...FROM EXPERIENCE.
Thank you, state of Arizona.
Revenge is a bitch.
NIRP
I got NIRP on the flop.
(Thought I'd use it again, like the flow)
Let's NIRP the shrubbery.
I had a buddy in college that went to Vegas, did that, and spent three nights in jail.
(Fitz was his name.)