Signature of Economic Collapse - Baltic Dry Index @ 2008 Lows + Decreases 8% in last

[gunDriller]

Signature of Economic Collapse - Baltic Dry Index @ 2008 Lows + Decreases 8% in last 24 Hours

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/12/20121212_BDIY_2.png

In 2008-2009, the Baltic Dry Index (major shipping index) fell from the 6000 to 10,000+ range to about 800.

There was one 5 day period where it fell 8% a day, for 5 days straight - down 40% +

In 2012, it has been trading in the "1000 Plus or Minus" - right where it was from September 18, 2008 (the day the Dow dropped about 1000 points), to about March 18, 2009 (QE1 announcement day).

http://www.zerohedge.com/news/2012-12-12/baltic-dry-plunges-over-8-overnight-most-2008


In the last 24 hours, the BDI dropped 8%.


GRANTED, the BDI measures shipping volume in $. And the prices tend to fluctuate wildly. So when the index drops 8% overnight, it just means that the shippers are having a MAJOR SALE because they have some 'spare capacity'.

And - Christmas is 13 days away. Where's that Holiday Buying Retail Sales Gonna-Pump-You-Up-Baby GNP Goose Egg ?

Nowhere to be seen.

[Neuro]

I think what needs to be shipped for Christmas was probably shipped at least a month ago. I bet we start hearing about green shoots soon again. This time it will be algae growing on container shipwrecks...

[vacuum]

In 2008 they did a bunch of bailouts to keep things afloat. What can they do now that it's happening again?

[Neuro]

In 2008 they did a bunch of bailouts to keep things afloat. What can they do now that it's happening again?
Santa Claus for treasury secretary after Geithner?

[gunDriller]

In 2008 they did a bunch of bailouts to keep things afloat. What can they do now that it's happening again?

they just did it today.

Operation "Twist" theoretically "Sterilized" the Fed purchases by trading short term debt for long term debt (so that it wasn't actually money printing/ creation).

as of today, no more of that. they're just buying the new debt that's issued using money that's created anew.

QE3 was the announcement of $40 billion per month in money printing.

today's announcement, by the Fed, was - ANOTHER $45 billion per month in money printing.


Or was it $45 Billion & $40 Billion ? i can't remember ! an academic distinction, i suppose. :)

[Serpo]

And ,..................................85 billion

[vacuum]

I see, so now the QE is being specified in rates, not amounts.

[Cebu_4_2]

If any of that printed money actually went anywhere but the banksters the economy would actually get better. Now there is a lack of money and the banks aren't lending which is why the west is going to be 3rd world within 5-10 years.

[vacuum]

If any of that printed money actually went anywhere but the banksters the economy would actually get better
I think the fact that the money is only going to banks is the reason that we aren't seeing inflationary effects from the QE.

[Libertarian_Guard]

http://i48.tinypic.com/25znvgm.jpg

[gunDriller]

If any of that printed money actually went anywhere but the banksters the economy would actually get better. Now there is a lack of money and the banks aren't lending which is why the west is going to be 3rd world within 5-10 years.

I think for a healthy US economy, the US gov. would have had to prosecute ALL the banksters that helped create the credit crisis. They made scapegoats of a few of them, sort of. Madoff seems to have gone to jail, but he also recovered $65 Billion for his clients by confessing to a fraud for which the only evidence was - his confession. i.e. he used the law to recover US government (Gentile) money for his all-Jewish clients. A side issue.

100,000 Banksters who have stolen many $Trillions via old Shylock tricks - financial fraud @ Hyperspeed.

Seize those lying usurious assholes' assets. As it is, the most reviled among them (Madoff) played the system to recover Mucho Dinero for his Jewish Buddies.

Personally, I think the Flesh-Eating Ant treatment might help them re-consider the error of their ways. (from Sons of Anarchy)

http://drkronner.files.wordpress.com/2011/09/fire-ants.jpg


Admittedly, I'm going out on a limb a little bit there. We would need to have the Madoff documents analyzed by a group of lawyers AND non-lawyers, of the non-Zionist variety.

But for sure ==> The $Trillions recovered would shore up the US financial system and pay down the deficit real quick.

But it's sort of like praying for a firefly in a snow-storm ... ain't gonna happen :(



I think the fact that the money is only going to banks is the reason that we aren't seeing inflationary effects from the QE.

Yeah, very good point. If it's just going to get them "back in the black", where everybody pretends they're not bankrupt while they slowly re-build their reserves from losses taken from 2008 to 2012 - how do I get a job like that ?

I wonder if you have to be Jewish to benefit massively from the Banksters' many recent HUMONGOUS financial scams.

[Stop Making Cents]

If any of that printed money actually went anywhere but the banksters the economy would actually get better. Now there is a lack of money and the banks aren't lending which is why the west is going to be 3rd world within 5-10 years.

Wrong. The West will be 3rd world in 5-10 years because we let in too many 3rd World muds.

[gunDriller]

The BDI continues to fall.

Looks like about 15% last week.

That's a lot for world-wide shipping revenues to fall - IN ONE WEEK.

It makes me wonder if I am interpreting it right.


I found this -

http://www.bloomberg.com/quote/BDIY:IND


There's got to be a better chart for BDI !


As it is, economic activity as gauged by the BDI is making the Mayans look like total genius'.

"Deck the Halls with boughs of Holly, Fa La La La La, La La La La"

I enjoy singing Christmas carols as much as the next person, but it is REALLY WIERD to watch the Mainstream Media "Economy is Recovering" + Christmas Gaieties coincide with a contraction/ collapse of the worldwide economy, which seems to be heading for activity levels below those of the panic moments of 2008/ 2009.


And that's AFTER QE 1, QE2, QE3, QE-this-last-week, + Covert QE's not announced formally by the Fed.

100 years from now, PhD candidates in business & economics will be analyzing the Fed's Push-on-a-String/ Print-more-Money methods of "Economic Stimulation"/ Bailing out the Banksters.


I think eventually - perhaps sometime in the next 1000 years - they will realize that printing money is less helpful for economic malaise than ACTUALLY BUILDING USEFUL STUFF. In the US that would be aqueducts, so monsoon-ridden states can share their water with drought-stricken states, and high speed rail.

Except then the TSA would get involved. It would be Police-State high-speed rail. Doesn't sound so good. :(

[Neuro]

^Yes and almost 30% since December 3rd, at 784 now, around 100 units from the low in 2008...