Posted on 02/05/2016 1:04:48 AM PST by blam
Tyler Durden
February 5, 2016)
Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever - at 298, this is almost 50% below the previous record low.
Commodities obviously are saying something very different from "the market"...
>
And as Dana Lyons notes, of course much of the input into the BDI comes from the price of raw materials. Considering the deflationary spiral in commodities, the drop in the BDI to all-time lows shouldn’t be a shock.
(snip)
The Baltic Dry Index has become a trendy thing to mention in recent years when discussing global market and economic conditions. The truth is, nobody really ever knows for sure what the broader message is behind the index’s behavior. That said, this recent plunge is making it quite difficult to conceive that it means anything positive in terms of the global economy and deflationary pressures.
(snip)
(Excerpt) Read more at zerohedge.com ...
A while back I was asked to share my general strategy of finance. I’ll Freepmail it to you if interested.
Well, they are into building new islands....:)
Thank you for the offer—I would like that very much.
Freepmail your way....
Indeed there is.
L
During hyperinflation? Gold silver platinum and diamonds for wealth retention. For day to day living, a few palettes of cheap liquor (Pints) for barter. Ammo of course because all hell would break loose.
Property taxes would skyrocket, so forget land. Gov would take it.
Ding ding ding. Exactly right thing to do. Also feminine hygiene products and condoms.
The pro-Russian accusation is accurate. ZH’s is anti-Western, pro-Russian. It’s founder (although he doesn’t admit it) Romanian Daniel Ivandjiiski, was penalized for insider trading in New York in September 2008. His blog is little more than sour grapes motivated by resentment at being caught cheating the markets in 2008.
Wow. Well, when all you care about is money..............
Milk is way down here in Indiana.
I mean a buck a gallon less than a year ago.
I see a lot of other stuff dropping too, but not meats...yet.
So sorry. You did stun me with that comment. Yeah. Getty. I know someone who went to some conference with the son who’d had his ear cut off.
Makes you think about the Getty Museum in a different light.
Yes we are entering a global depression. Its going to be quite unpleasant.
Food isn’t the only thing food hoarders are hoarding. LOL!
Oh no worries. Didn’t see your comment anyway before it was deleted. Yes, I was referring to Getty not you. Lol. I have been the recipient of comments directed to the author of an article I have posted. When you first read them they stun you, until you realize it was the author they directed them to. Take care.
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