Monday, Feb 09, 2015

Baltic Dry Sea index lowest ever

Zero Hedge: Worlds best known global shipping index has crashed its lowest level ever

The Baltic index dry sea index provides an assessment of the price of moving the major raw materials by sea. In the old days when economic indicators were important, this was a key indicator of world economic health. The last time the Baltic Dry Sea Index was this low UK House prices in Greater London averaged £44,000. It has never been lower as the measurement started in 1985.

Posted by britishblue @ 02:55 PM (4544 views)
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1. enuii said...

Interestingly, I actually can't think of any significant mass produced Chinese goods that were available at the time, tells it all really.

Monday, February 9, 2015 10:03PM Report Comment

2. taffee said...

It's true it cannot be manipulated at point of contract however it has been distorted by
The over supply and construction of ships mainly built by China that sit empty like
Some of the cities built on the basis of build and they will come

However the scale of the drop along with the drop in oil price are Indicators that things
In the world economy are not good

Tuesday, February 10, 2015 06:51AM Report Comment

3. taffee said...

This was posted during recession others around if you google it

Tuesday, February 10, 2015 07:41AM Report Comment

4. britishblue said...

If you add in whats seems more and more central banks around the world going to negative interests rates, the surreal and disconnected is the new normal.

If commodities, shipping, money in the bank is all in negative territory, how long before 'assets' like housing, fine wine, art, etc, follow the same trend? We are even seeing deflationary 'buying habits' in the UK with the rise of Lidl and Aldi as food discounters to the detriment of Tesco..

Tuesday, February 10, 2015 10:36AM Report Comment

5. taffee said...

Classic cars are in a bubble too...followed and for many years..great
Companies but the prices of some cars which were £10-15k for a good example a few years ago seem to
Have had a 'blow off top'

Take a look at the prices

Tuesday, February 10, 2015 12:11PM Report Comment

6. britishblue said...

and the Baltic dry sea index hits another record low today! You cant QE the Baltic dry sea index, you cant sell derivitives based on it. So I guess the only way you could manipulate this is through an old fashioned war.

Wednesday, February 11, 2015 03:18PM Report Comment

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