[1]If ever there was a better indication of the malinvestment boom [4] created by an interfering Fed, this is it. As demand for shipping collapses on real slowing in the global economy - markets have "told" shipbuilders to "build it and they will come" [4]... here is a ship-shipping ship, shipping shipping ships.
[5]
h/t @NMMGreenwich
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/309
[3] http://www.zerohedge.com/taxonomy_vtn/term/10655
[4] http://www.zerohedge.com/news/2014-04-11/shipbuilding-orders-evaporate-baltic-dry-collapses
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/05/20140514_dry.png