Baltic Dry Index Collapses 35% – Worst Start To Year In 30 Years

Many thanks to Zerohedge.com for pointing to these economic facts, as we continue to watch indicators of  the deepening global crisis. ~Ron

When this indicator of global trade rises, everything is rosy and reams of asset-gatherers and talking-heads wil quote it as indicative of how great the world is. When it drops – silence. There’s always an excuse – over- or under-capacity, too many ships, too few ships, etc. However, the last 2 weeks have seen a 35% collapse in the cost to ship bulk. There is a relative seasonal pattern over the holiday period – with shipping costs rising into the holiday and falling after but… this is the biggest drop from a Christmas Eve since at least 1984, 30 years! Seems like the inventory stacking of Q4 had absolutely no follow-through whatsoever…

All thepost-Thanksgiving exuberance has been eviscerated from the Baltic Dry Index…

and some contextthis is the worst post-holiday start to the year since at least 1984!!

Via: ZeroHedge
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Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

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The Worldwide Awakening
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