Baltic Dry Index

[syswizard]

http://www.bloomberg.com/quote/BDIY:IND/chart
Down nearly 40% this year alone !
Nearing the 2009 nadir lows.
This should cement a Greek default....the shipping business is like the real estate business.

 

[Bowgett]

This one worries me too. It should not go down this much if everything is fine.

 

[morganist]

When you say something is up. You are right. I get invited to dinners and such like with polticians and elites sometimes and the general gist I get is the whole world is a complete mess right now.

 

[Bowgett]

World is always a mess.

 

[morganist]

Quote from Bowgett:

World is always a mess.

A bigger mess that is going to affect the living standards of the west.

 

[Eight]

All business is financial nowadays, no ships needed...

 

[morganist]

Quote from Eight:

All business is financial nowadays, no ships needed...

You need ships to transport stuff.

 

[masterm1ne]

Hey idiots, just cause BDI falls doesn't mean shit!

They invented teleporters so you don't need boats!

Now, go back to setting the world on fire!

 

[CET]

Part of the reason that the BDI has been falling is the new shipping capacity that has come into service, which has negatively impacted rates. You really also need to look at shipping volumes to get a clearer picture of the situation.

 

[morganist]

Quote from CET:

Part of the reason that the BDI has been falling is the new shipping capacity that has come into service, which has negatively impacted rates. You really also need to look at shipping volumes to get a clearer picture of the situation.

Maybe it has something to do with the Somalian pirates.