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For the term "baltic dry index".
ship economy collapse

International trade sinks with the Baltic Dry Index

by James Hall, Intellihub Economists and professional investors follow the Baltic Dry Index because it is a leading indicator on the forecast for international trade. A week ago this gauge hit an all time low. Since then a small upturn has moved the index upward slightly. Hellenic Shipping News observes in Baltic Dry Index climbs to 349, up 7. “Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such...

ship economy china collapse

Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill

by Michael Snyder, The Economic Collapse Blog For the first time ever, the Baltic Dry Index has fallen under 400.  As I write this article, it is sitting at 394.  To be honest, I never even imagined that it could go this low.  Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it has been on a steady decline.  Of course the Baltic Dry Index crashed hard just before the...

harvey organ

FED RAISES INTEREST RATE – Brazil and Baltic Dry Index Collapse

from Harvey Organ Gold: $1078.00 up $15.10 (comex closing time) Silver $14.22 up 48 cents In the access market 5:15 pm Gold $1073.40 Silver: $14.17 At the gold comex today, we had a good delivery day, registering 265 notices for 26,500 ounces.Silver saw 0 notices for nil oz. Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 195.86 tonnes for a loss of 107 tonnes over that...

bill fleckenstein

Chaos In The Middle East, Collapse In The Baltic Dry Index And The War In Gold

from King World News On the heels of Turkey shooting down a Russian fighter, today one of the greats in the business sent King World News a fantastic piece about the chaos in the Middle East, the collapse in the Baltic Dry Index and the war in gold. Overnight markets were weaker, with Europe losing better than 1.5%. The proximate cause for that weakness appeared to be the news that Turkey shot down a Russian...

jeff nielson

Baltic Dry Index hits new, all-time low

by Jeff Nielson, Bullion Bulls Canada This is not a new subject, either on this site, or more generally. Roughly a year ago; the BDI began a nose-dive. And by eight months ago; we were already looking at an apparent “crisis” in this Index. Baltic Dry Index Crashes: Calamity or False-Alarm? But let me back-up, for readers who are not familiar with this Index. The Baltic Dry Index is a measurement of global SHIPPING ACTIVITY. Most...

economy ship water

Baltic Dry Index Crashes: Calamity or False-Alarm?

TDC Note – I believe everyone knows how I feel about the BDI. If you are still unclear what I believe to be true you can listen here, here and here for clarification. by Jeff Nielson, Sprott Money feature image/ModernSurvivalBlog.com For this commentary to make any sense to most readers; it’s necessary to address the two questions which immediately come to their minds: “what is the Baltic Dry Index?” and “why should I care about...

ship economy energy collapse

The Baltic Dry Shipping Index Just Collapsed To An All-Time Record Low

by Michael Snyder, The Economic Collapse Blog I was absolutely stunned to learn that the Baltic Dry Shipping Index had plummeted to a new all-time record low of 504 at one point on Thursday.  I have written a number of articles lately about the dramatic slowdown in global trade, but I didn’t realize that things had gotten quite this bad already.  Not even during the darkest moments of the last financial crisis did the Baltic Dry...

economy ship water

China Containerized Freight Index Collapses

TDC Note – It appears that since Dave and I followed up on Wolf’s report from April the situation has become worse. If no one is shipping hard goods from the worlds manufacturer how can there be a global economy? by Wolf Richter, Wolf Street It could be that Chinese stock market participants have no idea that there is something wrong beneath the officially rosy covers. Or they might already know in granular unofficial detail,...

economy ship water

Shanghai Containerized Freight Index Collapses: China-US Rates Hit Hard, China-Europe Rates Plunge to All-Time Low

TDC Note – If you have been following my joint venture with Dave Kranzler, Shadow of Truth, you know we have been staying on top of the Baltic Dry Index. Both the BDI and now SCFI are collapsing. This is an indication that global markets are shutting down—nothing coming in, means products are not moving—if products aren’t moving then you have Walmart and Target closing stores. Target announced on April 20 it was closing 133...

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Confirmed, The Entire Economic System Is One Big Manipulation

from X22 Report Europe unemployment is manipulated just like the US. The private central bank countries are all manipulating the data. More young Americans live with their parents than at any time since the great depression. Layoffs continue, major corporation are continually laying off employees. Tiffany sales decline and the retail apocalypse continues. Service sector tumbles. Baltic Dry Index declines. State tax revenue declines showing that the quality and the number of jobs have declined...

collapse economy people preparedness

Tidal Wave Of Economic Indicators Continue To Show The Economy Is Collapsing

from X22 Report Greece is really tightening the screws on the people, more taxes, less pensions more austerity. The retail apocalypse has hit but the corporate media and the US government is playing it off that retail is not important. Recession red flag indicator in temp jobs. They are now dropping off. Manufacturing declines and it is not improving. Baltic Dry Index drops by 1 point. Trade with Japan declines rapidly. EU will decide which...

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John Rubino: A Crisis Unlike We Have Seen In Human History

by Rory, The Daily Coin I sat down with John Rubino, Dollar Collapse, to discuss the current state of our economic world. In a very lively conversation we hit some of the more pressing items of the day. John has done a fantastic job of documenting the demise of the dollar since he co-authored ” The Collapse of the Dollar” with James Turk back in 2004. John’s insights and analysis are top shelf and should be on...

dollar

Countries Are Selling Off US Debt At The Fastest Pace Since 1978

from X22 Report Spain’s debt is now worth more than the value of the economy. Target misses expectations as sales decline. Obama now pushing overtime to adjust for inflation, even though they are reporting no inflation. Baltic Dry Index holding at 642. Citi surprise index shows the economy is declining. Texas is building its own gold repository. Saudi Arabia has a full blown liquidity problem. Countries are selling off Treasuries at the fastest pace since...

x22 report media economy

TTIP Will Be Used To Protect Corporations And The Banking System

from X22 Report Greek parliament does it again votes against the people. The US Government and the Fed are struggling to convince the American public that the economy has recovered. Baltic Dry Index falls again. The TTIP is going to protect corporations and mega-banks from prosecution. The people of Germany and Italy protest against the TTIP.

x22 report media economy

The US Illusionary Recovery Is Like A Bomb Ready To Go Off

from X22 Report Initial jobless claims spike the most in 16 months. Layoffs in 2016 are the most since 2009. Rich Americans are now worried that the economy is not doing well, confidence declines. Rail traffic and air freight both plunge, signalling the economy is crashing. The Baltic Dry Index declines again, the party is over. Citi believes the FED is going to push negative interest rates. Banks and Central Banks are now calling for...

train wreck collapse GOLDSILVERWORLDS

Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing

by Michael Snyder, The Economic Collapse Blog We continue to get more evidence that the U.S. economy has entered a major downturn.  Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their highest level since the last financial crisis.  Well, now we are getting some very depressing numbers from the rail industry.  As you will...

image/Zen Gardner

The US Government / Central Bankers Are Now Preparing To Unleash The Economic Crash

from X22 Report EU slashes growth. More layoffs coming in the tech sector, hundreds of thousands of jobs will be lost. Banks want to put millennials deeper into debt. China manufacturing declines and the Baltic Dry Index declines rapidly. The smart money is now getting out of the market. The central banks are preparing for a digital currency which will lead into a cashless society. US is headed into a recession / depression. The crash...