Obama the Troll, an Oily Economy, and the Ships that Didn't.
A Picture is Worth a Thousand Words!!!
Obama's State of the Union Address: "Anyone who says that the economy is declining is Lying"
really? Really? REALLY?!?!
Well.... let's just take a look at that, shall we? My notes in Blue, as usual.
International Shipping Shuts Down; Baltic Dry Index FreefallingInternational cargo vessels today are all docked and anchored in most seaports all over the world, and the last trips they may have had were for the December holidays shopping spree.
As of yesterday, the most prominent global indicator for international shipment of physical goods, the London-based Baltic Dry Index, is in free fall.
For the last six months or so, most cargo container ships were already sailing with less than their full capacity.
The physical economy is crashing and all the warnings that’s been relayed to you for the last four years should have prepared you for what’s to come in the interim.
There may be a short disruption on the supply of critical goods and services especially on areas that are fully industrialized.
“Today, Monday, January 18 2016, the Baltic Dry Index decreased by 4 points, reaching 369 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Monday, January 18 2016, when the index dropped to 369 points.”
......This unfolding event in the physical economy is reminiscent of the event back in the early part of 2012 when CEOs of global banking resigned en masse.
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