Baltic Dry Index Plunges Most In 2 Years (Despite Global Coordinated Growth)

The last six months have seen an almost unprecedented surge in world macro-economic data upside-beats as the so-called 'global coordinated growth' narrative surprised more dismal economists. Until recently, The Baltic Dry shipping index had confirmed that narrative...

But The Baltic Dry Index has dropped for 8 straight days, tumbling over 21% - the biggest drop since Jan 2015...

 

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While there is seasonality in the index, this is a notable decoupling... (as Bloomberg notes, peak season typically boosts trade volume and pricing, benefiting liners. The industry's slack capacity remains a drag on rate increases.)

 

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But in a longer-term context, the decoupling between global trade volumes and the Baltic Dry Index is vast...

 

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As the overbuilding of vessels in previous credit-fueled bubblicious malinvestment booms continues to ripple through markets still.

Comments

ukipboy Wed, 01/03/2018 - 02:57 Permalink

Good old Baltic dry index. We have not heard anything from the BDI for months now. I was beginning to think it had died and gone to Stockholm.

fairmontobsever shitshitshit Wed, 01/03/2018 - 17:59 Permalink

    Your username is extremely offensive, especially when deliberately placed next to the most precious symbol of the Russian Orthodox Church.  The Russian Orthodox Church lost 40,000 clergy, more than 100,000 monastics, and 40,000 churches to Communist massacres.  It is a miracle that it still exists, and you are showing cultural-religious hatred by using our sacred symbol with your offensive username.

    It is very offensive for you to use the Russian Orthodox Christian cross, no matter what you think of yourself and your moral standing (reflected in your username). You have nothing to do with Christianity in Russia. Otherwise, I and others will consider that usage (symbol + word) an actual example of Nazi-like propaganda. Are you going to use other religions' most beloved symbols in your demonic hatred of all things good?

In reply to by shitshitshit

jerzyboyz ukipboy Wed, 01/03/2018 - 05:37 Permalink

 Shepwave traders were discussing this exact thing.  How did they know this would happen.  

 

I just sent them an email to try to find out if this would impact the turn date they issued for the stocks.  I will post here . They have been dead up now so I think this is what they were referring to in monday reports. 

In reply to by ukipboy

algo trader Wed, 01/03/2018 - 05:44 Permalink

Wow an index that has risen from sub 400 in Feb 16 to a peak of over 1700 in Dec 17, has pulled back to 1366 as seasonal under capacity is replaced by seasonal low demand.

Iran burns, Saudi Arabia looks like it could be next, Trump and the Rocket Man play a modern version of who has the biggest dick (button) and ZeroHedge is reduced to inventing doom porn!