Posted on 01/08/2015 9:10:52 PM PST by blam
Tyler Durden
01/08/2015
Must be over-supply too, right? Just like oil prices... The Baltic Dry Index - which apparently is only relevant when it is rising - has never been lower at this time of year.
(snip)
(Excerpt) Read more at zerohedge.com ...
Check the disparity between Bush’s last year in office and Obanma’s first.
Does he have a point he is trying to make?
What to believe anymore?
Dr Copper does not look like things are going well or expected to. All I hear is how everything is going well.
What is a Baltic Dry? Sounds like some kind of something I don’t want to smoke. Or maybe an Eastern European martini recipe?
Yep, that and the current delivery index, despite all the “jump on board for Extortion-Care” propaganda pressure.
And they’ll be after support for all the market exposed public employee pensions, like fast track “bi-partisan working together amnesty”, to round up and assign ss numbers to as many Mexican squatters as possible.
I had to look it up and did find this.
“if you have 100 ships competing for 99 cargoes, rates go down, whereas if you’ve 99 ships competing for 100 cargoes, rates go up. In other words, small fleet changes and logistical matters can crash rates...”[6] The index indirectly measures global supply and demand for the commodities shipped aboard dry bulk carriers, such as building materials, coal, metallic ores, and grains.”
Shipping raw materials index (construction etc.,)
DEFINITION of 'Baltic Dry Index - BDI'
A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. The Baltic Exchange directly contacts shipping brokers to assess price levels for a given route, product to transport and time to delivery (speed).
The Baltic Dry Index is a composite of three sub-indexes that measure different sizes of dry bulk carriers (merchant ships) - Capesize, Supramax and Panamax. Multiple geographic routes are evaluated for each index to give depth to the index's composite measurement.
It is also known as the "Dry Bulk Index". INVESTOPEDIA EXPLAINS 'Baltic Dry Index - BDI'
Changes in the Baltic Dry Index can give investors insight into global supply and demand trends. This change is often considered a leading indicator of future economic growth (if the index is rising) or contraction (index is falling) because the goods shipped are raw, pre-production material, which is typically an area with very low levels of speculation.
The Baltic Dry Index (BDI) is a number (in USD) issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain."[1]
I think we are heading for Stagflation.
To paraphrase an old car commercial:
"suddenly it's 1979!"
CC
I bought a new house in 1980 with 13% interest on the mortgage.
How high do you expect interest rates to rise, and how soon?
Yes. “Click on my blog, look at the headline!”
LOL. I did and it was pointless.
Thanks for the info. Very interesting.
On a side note, I saw one of those “How It’s Made” shows this morning and they were crafting wooden airplane propellers and used a spokeshave for part of the process.
I remember quite specifically how bad mortgage rates were as my mother was a real estate broker at the time. The mob was giving out competitive rates back then.
CC
LOL! I remember that. It was like buying a house on your MasterCard.
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