Baltic Dry Plunges Back Below $1000 - Lowest December Since 2008

[Ares]

Just a few short months ago, investors were "buy buy buy"-ing the fact that The Baltic Dry Index had resurged off multi-year lows 'proving' China's renaissance and that world economic growth will re-approach Nirvana. Simply put, with collapsing commodity prices (iron ore for instance) and massive fleets of credit-driven mal-investment-based vessels, it should surprise no one that the shipping index just plunged back below 1000, now at its lowest for this time of year since 2008. Furthermore, the seasonal bounce always seen in Q3 was among the weakest ever. But apart from that, buy stocks...



Nothing like the normal seasonal bounce in Baltic Dry this year...

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141208_BDIY_0.jpg

leaving it at the lowest for December since 2008...

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141208_BDIY1_0.jpg

Quite a recovery...

http://www.zerohedge.com/news/2014-12-08/baltic-dry-plunges-back-below-1000-lowest-december-2008

[mick silver]

shopping down , gas prices down . silver gold down . food up , part time jobs , is this a replay of 2007

[gunDriller]

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

i used to watch it every day. it got real low this last year, into the 700's.

[Neuro]

shopping down , gas prices down . silver gold down . food up , part time jobs , is this a replay of 2007
Difference with 2007 is that Baltic Dry Index was at levels 3-5x today's... If it falls like it did then, it means world trade is DEAD. Stone Dead!