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Surprise! Baltic Dry Index Plunges Most Since November As Commodity Bubble Bursts
zerohedge ^ | 07 May 2016 | Tyler Durden

Posted on 05/08/2016 3:05:04 PM PDT by Lorianne

Who could have seen this coming? Remember a week ago when TV entertainers crowed about the surge in The Baltic Dry Freight Index was a "clear signal" that 'China is back' baby and that escape velocity growth was just around the corner as global growth was destined to pick up...

Well, just as we warned very explicitly, the ramp in the index merely reflected the frenzied speculation in industrial metals by the Chinese and as authorities have cracked down on that idiocy, so the Baltic Dry has plunged by the most since November... as real demand punches back.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy
KEYWORDS: balticdryfreight; balticdryindex; bdi; china; commodities; industrialmetals; recession; tylerdurden; tylerdurdenmyass; zerohedge
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To: batterycommander

Is it too soon for me to shoot my neighbors and go cannibal, do you think? I’m terrible at this sort of timing...


21 posted on 05/08/2016 4:08:41 PM PDT by Billthedrill
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To: Billthedrill
"Is it too soon for me to shoot my neighbors and go cannibal, do you think? I’m terrible at this sort of timing..."

No, tomorrow would be a better day for it ... everyone will think that they're at work ...

22 posted on 05/08/2016 4:10:07 PM PDT by BlueLancer (Once is happenstance. Twice is circumstance. Three times is enemy action.)
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To: 1rudeboy

I don’t think anyone is selling anything save food and fuel. Do you?


23 posted on 05/08/2016 4:20:20 PM PDT by major-pelham
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To: Billthedrill

The last time I saw the dry index that low was 2008.


24 posted on 05/08/2016 4:22:55 PM PDT by batterycommander (Keep calm and call for artillery.)
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To: ghosthost

Are they wearing eye liner?


25 posted on 05/08/2016 4:23:07 PM PDT by PLMerite (Compromise is Surrender: The Revolution...will not be kind.)
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To: nascarnation

Zero Hedge is the Debka of the financial universe.


26 posted on 05/08/2016 4:50:11 PM PDT by Colinsky
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To: ghosthost

first time i ever saw them was in XXX... Rammstein - Feuer Frei!

https://www.youtube.com/watch?v=ZkW-K5RQdzo&index=15&list=RDeSaa3vC_n2k


27 posted on 05/08/2016 5:45:44 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - Luke, 22:36)
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To: DarthFuzball; silverleaf; Lorianne
At first I read that as being Harvey Dent...


28 posted on 05/08/2016 6:57:04 PM PDT by Samwell Tarly (America is becoming "Harrison Bergeron" had it been envisioned by Ayn Rand)
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To: ameribbean expat

Good Lord ! How is it a supposedly educated society has to be taught how to repair a decent item? Are these college educated puke’s showing the lesser educated how to extend manufactured good’s? As a kid I had the opportunity to befriend older people for chores and got to see how they wasted nothing (hardware/CLOTH...ETC...) I thought to myself these people didn’t get old because they were stupid ...they got old and passed on to me unknowingly the value of items that I/we could not produce ourselves...and their in lies the value ....


29 posted on 05/08/2016 7:43:44 PM PDT by mythenjoseph (Separation of powers)
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To: VRW Conspirator

So long and thanks for all the fish.

Have a towel and don’t panic.


30 posted on 05/08/2016 7:44:14 PM PDT by FlyingEagle
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To: Lorianne

“...the frenzied speculation in industrial metals by the Chinese ...”

What?


31 posted on 05/09/2016 12:02:41 AM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: ghosthost

You know, I had a lot more respect for Rammstein before I saw that photo.

Shades of Magnum/Blue Steel with a little “Touch my monkey” tossed in.


32 posted on 05/09/2016 6:35:38 AM PDT by T-Bone Texan (Don't be a lone wolf. Form up small leaderlesss cells ASAP !)
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To: Leaning Right

ZH DOES have funny comments, but the formatting, going ever to the right in a narrower and narrower column, is horrific.

It is a hate crime against my eyes, or something.


33 posted on 05/09/2016 6:38:12 AM PDT by T-Bone Texan (Don't be a lone wolf. Form up small leaderlesss cells ASAP !)
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