Re: Tracking the DOW PLUNGE!!!
Dante would be proud; the Baltic Dry Shipping Index has now plunged through at least eight levels of hell on its way to record lows as it drops to 666 today. This is the lowest since Feb 2012's Chinese New Year lows and is a stunning 55 percentage points lower than the normal seasonal shift in the global aggregate trade indicator (and down 69% from its Oct 2011 swing high). Whether its over-supply, under-demand, or too many Chinese New Years, it is unarguably the next level of hell for the global economy - that will surely bring all the bottom-callers out as this time is different.
http://www.zerohedge.com/sites/defau...910_BDIY_0.png
and if you thought it was just the Baltic Dry... here are the Cape, Banamex, and Supramax Indices... noneof which receovered at all from the 2008/9 crush in global trade...
http://www.zerohedge.com/sites/defau...10_BDIY1_0.png
Source: DryShips
Re: Tracking the DOW PLUNGE!!!
War and Economic Depression Molding Modern Times - Are You Prepared?
By Daily Bell Staff - February 08, 2016
Private military and security companies (PMSCs) have been exploiting conflict and instability in war-torn regions whilst making gargantuan profits for the least 15 years – and they've only increased in numbers ... Hundreds of new companies have been established in the last few years alone ... "The UK is an important hub for the PMSC industry. At the height of the occupation, around 60 British companies operated in Iraq. Now there are hundreds of British PMSCs operating in areas of conflict around the globe, working to secure government and corporate presence against a range of 'threats' ..." – SputnikNews
According to various reports, London is becoming the center of private militia activity. Mercenaries and weapons are flooding into a city that increasingly offers private military employment as well as involvement with black-market activities.
The implication is that the West's most powerful city is being put on a war footing by the private interests. The US is on a similar war footing, as sociopolitical messaging continues to emphasize the US wars abroad and the dangers of "terrorism" at home.
A recent article in Global Research, "The Super Bowl Promotes War. NFL to Publicly Display Love for Soldiers and Weaponry," reported the nation's most prominent events are used to showcase militarism and create public support for the nation's serial, unconstitutional wars.
Here, from the article:
And why shouldn't the military pay the football league to hype its heroism? It pays damn near everybody else. At $2.8 billion a year on recruiting some 240,000 "volunteers," that's roughly $11,600 per recruit.
The story of famous college quarterback Pat Tillman, as the article reminds us, is still posted on the NFL website ... "as the one NFL player who gave up a giant football contract to join the military."
In fact, Tillman had changed his mind about US foreign wars after serving abroad and made it clear he intended to speak out against the Afghan war when he returned to the States.
Tillman never returned home, however, as he was killed by friendly fire – three bullets to the forehead at short range.
Another Global Research article, "U.S. Now Overtly at War Against Russia," explains how the US is now directly targeting Russia.
General Jens Stoltenberg announced on February 2nd that he approves of US 'Defense' Secretary Ash Carter's proposal to quadruple US armaments and troops in Europe, against 'Russian aggression'.
The US, in post-Soviet, post-communist, Russia, has turned around and become the aggressor – against the now democratic nation of Russia ... We've switched roles. The US has turned to dictatorship, while Russia has turned to democracy. It's a super-switcheroo.
The author of the article, investigative historian Eric Zuesse, also writes, "The likelihood of a nuclear war has never been higher than it is now, except perhaps for the Cuban Missile Crisis, but the entire world was being informed about that then, and what about the situation now?"
Sputnik News reports that Turkey may invade Syria and mentions a further confrontation: "At the same time, Saudi Arabia has also expressed its willingness to send ground forces into Syria."
The Russian Defense Ministry, too, believes that Ankara may be planning an invasion after the breakdown of Syrian peace talks in Geneva. Russia is being blamed by the West, though Russia has not been the aggressor in any of the violence taking place around its borders.
The political leadership in both Turkey and Saudi Arabia is seen as weak and ineffective. Sustained and expanded conflict in Syria is one way that these regimes may seek to survive.
The article quotes Turkish journalist Erman Cete as saying, "I think to reach a political solution in Syria, Turkey and Saudi Arabia must be eliminated, because these two countries, right now, are preventing a peaceful solution in Syria."
This perception indicates that the war in Syria, far from being over, is going to expand and escalate. Inevitably, both the US and Russia will be drawn further into conflict.
Is all of this taking place merely by happenstance? The short answer is very obviously "no." The surge in militarism in the West and among Western allies is certainly tied to the continued and expanded Western economic crisis.
And the economic crisis has been created by the West's determination to build its economic and industrial might around a framework of monopoly central banking.
Zero-bound money printing has undermined Western solvency.
Citicorp recently released a report warning that four global economic forces were creating a "death spiral." These are: a strong dollar, weakening oil prices, diminishing trade and struggling emerging markets.
Each one reinforces the others and creates a further weakening. However, it is important to note that the depreciating price for oil, in particular, is a manufactured phenomenon, one that has been created in part to put economic pressure on Russia.
The forces now being arrayed on the world stage repeat a familiar pattern that we last saw early in the 20th century. Then, the establishment of the US Federal Reserve led first to the "Roaring '20s" and finally to a tremendous market crash and the Great Depression.
The Great Depression could have been cured if Roosevelt's "New Deal" had not distorted the economy and prolonged the underlying mechanisms of the Great Depression.
Likewise, today, central bank money printing has not allowed bankrupt facilities to collapse. As a result, healthier entities have been reluctant to do business and the larger economy has stalled. The Greater Recession has continued and deepened.
Central banks have reportedly printed something like US$250 trillion since 2008, and those in charge of this policy are well aware of its destructive effects.
And as happened during the Great Depression, military tensions are being cultivated to distract people from the ongoing economic disintegration.
This is the unholy duality of elite domination of Western sociopolitical and economic processes.
For those in a position to see how economic and military events are tied together, the answers should be obvious.
They have to do with ensuring one's self-reliance as much as possible. Purchases of precious metals, farmland and second homes in non-Western environments provide some surety that one may avoid the worst excesses of Western-centric militarism and economic destruction.
Various contrarian investment strategies may be employed as well. Importantly, one needs to accept that what is going on today is not simply going to cease.
The West and the world are not simply going to return to previous eras of peace and prosperity. Nor did they in the 1930s.
Conclusion: How bad are things going to get? If the example of the 20th century is any guide, we could see a continual deepening of militarism and economic dysfunction. With this in mind, one ought to be taking action now. There is no time to waste.
- See more at: http://www.thedailybell.com/news-ana....TuMCLE8M.dpuf
Re: Tracking the DOW PLUNGE!!!
LOL, today on the news the anchorman mispronounced "Nasdaq" as "Nadsaq", and said that today the Nadsaq dropped... LOL!!
Re: Tracking the DOW PLUNGE!!!
Baltic Dry Index + Watchlist
BDIY:IND
293.00
Re: Tracking the DOW PLUNGE!!!
Baltic Dry Index + Watchlist
BDIY:IND
291.00
2.00
0.68%
As of 7:58 AM EST on 2/10/2016.
Re: Tracking the DOW PLUNGE!!!
INDU:IND
-0.08%
SPX:IND
-0.05%
CCMP:IND
-0.35%
10a11a12p1p2p3p4p
-1.00-0.500.000.501.00
04:10-0.08%
Europe, Middle East & Africa Stock Indexes
More
1D
1M
1Y
5Y
+
Indicators
Volume
SX5E:IND
2.63%
UKX:IND
0.92%
DAX:IND
2.16%
3a4a5a6a7a8a9a10a11a12p
0.001.002.003.00
08:352.63%
Asia Pacific Indexes
More
1D
1M
1Y
5Y
+
Indicators
Volume
NKY:IND
-2.31%
TPX:IND
-2.89%
HSI:IND
0.55%
68
-4.00-3.00-2.00-1.000.001.00
01:00-2.31%
Americas Stock Futures
DM1:IND
Dow Jones mini
|
Mar 2016 |
16,033.00 |
+74.00 |
15,952.00 |
16,120.00 |
15,865.00 |
8:40 AM |
|
ES1:IND
S&P 500 mini
|
Mar 2016 |
1,860.50 |
+12.25 |
1,850.00 |
1,872.00 |
1,838.50 |
8:40 AM |
|
NQ1:IND
NASDAQ 100 mini
|
Mar 2016 |
3,994.75 |
+50.50 |
3,954.50 |
4,014.00 |
3,922.25 |
8:40 AM |
|
IS1:IND
Mexican IPC
|
Mar 2016 |
42,485.00 |
-350.00 |
42,640.00 |
42,975.00 |
42,295.00 |
2/9/2016 |
|
SCT1:IND
S&P/TSX Composite
|
Mar 2016 |
12,250.00 |
-280.00 |
-- |
-- |
-- |
2/9/2016 |
|
Europe, Middle East & Africa Stock Futures
VG1:IND
Euro STOXX 50
|
Mar 2016 |
2,804.00 |
+60.00 |
2,745.00 |
2,822.00 |
2,730.00 |
8:35 AM |
|
Z 1:IND
FTSE 100
|
Mar 2016 |
5,605.00 |
+9.50 |
5,594.00 |
5,661.50 |
5,562.50 |
8:40 AM |
|
GX1:IND
DAX 30
|
Mar 2016 |
9,067.50 |
+161.00 |
8,910.50 |
9,116.00 |
8,868.00 |
8:35 AM |
|
CF1:IND
CAC 40
|
Feb 2016 |
4,083.50 |
+86.50 |
4,009.00 |
4,103.50 |
3,984.00 |
8:35 AM |
|
AJ1:IND
FTSE/Athens 20
|
Feb 2016 |
120.50 |
+1.75 |
119.75 |
123.00 |
118.75 |
8:33 AM |
|
Asia Pacific Stock Futures
KF1:IND
ASX 200
|
Mar 2016 |
4,710.00 |
-65.00 |
-- |
-- |
-- |
12:00 AM |
|
XP1:IND
S&P/ASX 200
|
Mar 2016 |
4,746.00 |
+36.00 |
4,714.00 |
4,773.00 |
4,711.00 |
8:40 AM |
|
IFB1:IND
CSI 300
|
Feb 2016 |
2,948.60 |
-20.20 |
2,969.60 |
2,975.20 |
2,934.00 |
2/5/2016 |
|
XU1:IND
FTSE China A50
|
Feb 2016 |
8,672.50 |
-77.50 |
8,760.00 |
8,767.50 |
8,670.00 |
2/6/2016 |
|
HI1:IND
Hang Seng
|
Feb 2016 |
Re: Tracking the DOW PLUNGE!!!
its going to be a up day ... free paper from the banks today
Re: Tracking the DOW PLUNGE!!!
Re: Tracking the DOW PLUNGE!!!
World Currencies
| Currencies vs. USD |
$1= |
% Change |
|---|
|
Canada Dollar |
1.3915 |
+0.2991% |
|
European Euro |
0.8874 |
+0.1952% |
|
United Kingdom Pound |
0.6888 |
-0.3475% |
|
Japan Yen |
113.7340 |
-1.1997% |
Re: Tracking the DOW PLUNGE!!!
earnings
Global currencies are crashing left and right.
Russia's ruble and Mexico's peso recently hit all-time lows against the dollar. The currencies of Colombia, Argentina and Brazil are all down 28% or more in the past 12 months. Turkey and South Africa have also fallen by double digits over that time.
Weak currencies are often a sign of an economic slowdown. China posted its worst growth last year in a quarter century, and Brazil is in its longest recession since the 1930s.
These huge currency shifts have also created opportunities and challenges.
When a currency falls, it makes a country's exports cheaper and more attractive to foreign buyers. At the same time imports get more expensive, which can entice locals to buy products made in their own country. Some countries and companies benefit, others lose.
At the same time, international travel from countries with higher valued currencies rise, while those from devalued currencies fall.
American travelers: Winner
Pack your bags: That vacation outside the U.S. is getting cheap. American travelers going to weak-currency countries, from Brazil to South Africa to Indonesia, are getting more for their dollar.
Through November, over 66 million Americans traveled outside the U.S., according to government statistics. That's up nearly 8% from the previous year.
Walmart, Target, Gap and other retailers: Winner
A strong dollar is good news for box stores like Walmart (WMT) and Target (TGT), fashion retailers like the Gap (GPS), and toy sellers like Toys 'R' Us. All do a lot of importing, which has become a lot cheaper.
Of course, Walmart has a lot of international stores. That means the value of sales from those overseas locations will be lower when converted to U.S. dollars. But overall, Walmart gains more than it loses from the strong dollar.
U.S. multinationals, manufacturers: Loser
Sales outside the U.S. make up most of the revenue at well-known American behemoths like Apple (AAPL, Tech30), IBM (IBM, Tech30) and Nike (NKE). A strong dollar makes sneakers, computers and iPhones more expensive to foreign buyers.
Apple estimates its sales in the current quarter will drop for the first time in 13 years. In recent weeks Johnson & Johnson (JNJ), Tiffany (TIF) and Ralph Lauren (RL) too cited the strong dollar as a headwind.
The dollar is hurting American factories even harder. U.S. manufacturing has slowed in recent months, leading to cuts in jobs and production.
http://i2.cdn.turner.com/money/dam/a...ws-780x439.jpg Mexico, South Korea, Taiwan: Winner
Countries that benefit from falling currencies have a few key characteristics:
1. They export lots of manufactured products -- as opposed to mostly commodities like oil.
2. They do not have high amounts of foreign debt or soaring inflation.
3. They are not politically unstable.
Mexico is one example. It stands to gain from the peso crashing to an all-time low. One peso is now worth about a nickel.
"We think that Mexico is probably one of the countries that is best positioned to benefit from devaluation," says Edward Glossop, emerging markets economist at Capital Economics, a research firm.
Mexico has a strong manufacturing sector compared to many developing countries. Manufacturers price their products in the local currency -- so if the peso weakens, Mexico's products look a lot more attractive to foreign buyers.
Other countries that broadly fall in this category are Taiwan, South Korea and Vietnam.
Turkey, Russia: Loser
A country's foreign debt is a big problem when its currency falls.
Look at Turkey -- its manufacturing sector is sizable compared to others in developing countries, but it owes lots of foreign debt.
Turkey's foreign debt load is equivalent to nearly half its economic size, compared to Mexico's 22%, according to auditor PwC.
If Turkey's currency falls further, all that foreign debt will be harder to pay back and the nation could risk defaulting on its debt.
Russia is similar in that it too has a lot of foreign debt.
For many of these countries, a devalued currency would help boost their exports. But they have to first get their own house in order and grow their economies. From Brazil to Turkey to Mexico -- there are pros and cons. However, this ongoing currency collapse is starting to separate some of the winners and losers
