Baltic Dry Index.

Discussion in 'Economy' started by Neubarth, Jun 25, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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  2. xotoxi
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    xotoxi BANNED

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    What does this have to do with Jesus destroying non-believers?
     
  3. william the wie
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    william the wie VIP Member

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    Seriously 0.4% drop listed when I could see a 37.5% drop from recent highs certainly left me confused. being a 10% drop away from a new low I think more OP explanation is definitely needed for those who are more graphically or numerically oriented. That link needed some exposition.
     
  4. Neubarth
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    Neubarth At the Ballpark July 30th

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    You are so right. What I linked to was the three year chart, but what came up when the link is clicked is the six month chart. I guess the default for that site is the six month. If people are the least bit curious, they will pull up a longer chart period. If they aren't, they won't bother.

    This much I know, with all of the new ships being built in Asia, the fall off in rates reflects a new glut of ships. If the number of the ships remained the same, and prices dropped than we know for certain that the demand for shipping would be falling (i.e. worsening Depression - something that I have maintained is happening all along.)

    What new ships are being built you ask. Well, China put in orders for over a hundred from their own shipyards to put people back to work. Their job creation has been practical. Unfortunately right now those new ships are not being used.
     
  5. william the wie
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    william the wie VIP Member

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    Did the ghost fleet off the Singapore make the rounds on this board? I know a huge amount of tonnage contracts existed before the slow down and ships that were on order prior to the meltdown are selling cheap and will be selling cheap for the rest of the year.
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    I think there were three different strings that mentioned the ships in storage in several places around the world. Hundreds of ships have been put to rest by the big shipping companies. China has built ships to replace ships that never should have been replaced. Now, they have nearly twice as many ships siting idle. This is a crazy messed up world.
     
  7. william the wie
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    william the wie VIP Member

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    From what I understand the Singapore ghost fleet is the big one. There are no doubt others near the two big southern capes but maintenance costs due to weather make them less desirable with the straits of Magellan being a big step down from Cape Hope. But as the economy slows down other anchorages will pop up.
     
  8. Neubarth
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    Neubarth At the Ballpark July 30th

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    Singapore does, indeed, have the biggest concentration in one place. There are an estimated 900 to 1000 ships outside African ports, anchored with maintenance crews of three or four men assigned to each boat. There are an estimated 400 to 500 outside South American ports with over two hundred in the Montevideo - Buenos Aires area.

    Regardless the World economy has improved in the past year. The United States has seen improvement in manufacturing, but that has not been enough to actually stop the decline in jobs in this country. We are still shedding jobs. The Government is dropping the unemployed from the work force to try to make it look like things are improving. Eventually the ruse will fail.

    And then What?????
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    Well, actually we prefer to refer to them as ANTIGODIANS. The anti-God-ians are opposed to anything that God says is good for man. Most of all they are anti-GOD.

    The ironic thing is that in Revelation the Bible predicts economic chaos just before the mass killings start that will wipe out most if not all of Earth's population. For those people who believe the accurate Bible prophecies, the economic collapse of the world is the next straw on the camel's back.:eek::eek::evil::eusa_pray:
     
  10. Big Fitz
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    Big Fitz User Quit *****

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    Yep. It did last fall. Pretty eerie.
     

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