Posted on 11/21/2015 2:53:53 PM PST by Lorianne
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.
(Excerpt) Read more at zerohedge.com ...
So what’s the suggested plan for the slow down? Hold cash, but real estate, gold , enter the stock market when it crashes?
It’s nothing to worry about... Obamanomics at work. This is the extended version. Shut down America and you shut down all the developed and developing countries. Maybe the amateur is learning America is the hub of developed man/ it’s an expensive lesson for everyone.
Once he is out, it can be turned on again. It’s be business as usual, employment for all, and trade and commerce can resume.
As long as he hasn’t started WW3.
Because it means that people will start losing jobs and won’t be able to afford the cheap beef, gas or anything else.
We need people out there with a little excess to keep spending so the average Joe can earn a living.
WW III is currently in process
Ask the “beneficiaries” of the Great Depression how that worked out for them. It wasn’t just the Wall Street crowd who suffered.
Also meat, grains and all energy prices are down. All signs of deflation. But in this schizo US economy housing and stock market are stable or inflating
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When Egypt empties their pyramids of grain and dumps it all on the market, watch the price of grain plummet.
By the time president Trump takes office the US markets will be down 50% at a minimum.
Bump for reference.
Container rates are crashing? You wouldn’t know it by the quotes we are getting to ship our household goods to Spain from Georgia.
So... if the price of food, fuel, and everything else started skyrocketing, we would all be rich and there would be no unemployment ?
Yes, but I think we are in less of a financial depression and more of in an Obama depression.
Thought that was the summer of (never ending) recovery?
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