Posted on 01/13/2016 5:42:47 AM PST by lowtaxsmallgov
The Baltic Dry hit a new all-time low of 490 on Friday. Again, it’s the same problem as with the commodities: projects of all kinds – oil fields, mines, ships, ports – that were initiated early in the decade to take advantage of anticipated growing Chinese demand, are now coming on-line just as Chinese demand is faltering, leading to global over-capacity, over-supply and a glut of just about everything. It is an ingredient of the recession recipe. A "recession" is the painful process where excessive capacity and supply are cleared from the market.
(Excerpt) Read more at challengethepremise.com ...
Yesterday 402.
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