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View Full Version : Baltic Dry Index has cratered again, at 1349


ShortJohnSilver
25th May 2011, 08:41 AM
Looks like the BDI is heading south again, confirming the various manufacturing surveys showing a drop in output and rise in inventories.

See http://investmenttools.com/futures/bdi_baltic_dry_index.htm for example.
G2Rad
25th May 2011, 09:02 AM
goodbye eye of the storm
Book
25th May 2011, 09:06 AM
http://www.justbigphotos.com/photos/main/2009_02/freighter-travel-32.jpg

The State of California has been ordered to find more space for their over-crowded prisons or release 60,000 convicts.

Port of San Diego has thousands of empty cargo containers.

Baltic Dry Index could be soon effected?

:D
Twisted Titan
25th May 2011, 09:25 AM
IF SHIPPERS LOSE CONFIDENCE ON GETTIING PAID TO SHIP........SOCIETY AS THE WORLD KNOWS WILL CEASE TO EXSIT


WE ARE TALKING GLOBAL ECONOMIC MELTDOWN........FUKASHIMA ON STERIODS
gunDriller
25th May 2011, 09:34 AM
IF SHIPPERS LOSE CONFIDENCE ON GETTIING PAID TO SHIP........SOCIETY AS THE WORLD KNOWS WILL CEASE TO EXSIT


WE ARE TALKING GLOBAL ECONOMIC MELTDOWN........FUKASHIMA ON STERIODS


http://investmenttools.com/images/wfut/crb/bdirecent.gif

that's what happened in 2008 - shippers would try to use a letter of credit from Bank X, and the counterparty would say, "we don't take those anymore".


now, after all the band-aids & bullshit of the last 3 years, here we are again.

i would say that is a heavy duty curve.

my understanding of the BDI is that it measures revenues - do i have it right ?

regardless of whether that curve reflects shipping revenues or shipping volume, it's still a heavy duty curve.

i agree with Book, there is an obvious Synergy between the state of Calif. prison situation and those empty shipping containers.

so who wants to email Jerry Brown ? ;D
Ash_Williams
25th May 2011, 12:05 PM
my understanding of the BDI is that it measures revenues - do i have it right ?

It measures shipping costs.
As I remember it is supposed to be a good indicator of shipping demand, because new ships take a long time to build and existing ships cost nearly as much to store as to run so are not just parked during the slow times.