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Will MSNBC/NBC be trumpeting this breathlessly, like they did in 2008, showing pictures of the hundreds of idle ships off singapore, like they did in 2008??

Gold up: $1759 Silver up: $34.28

Call it a glut, call it whatever you like, but Global Shipping Demand has fallen through the floor. And the Obama-worshipping mainstream media is desperately trying to ignore, for fear of making THE MESSIAH look bad.

1 posted on 02/02/2012 10:07:58 AM PST by tcrlaf
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To: tcrlaf
Will MSNBC/NBC be trumpeting this breathlessly, like they did in 2008, showing pictures of the hundreds of idle ships off singapore, like they did in 2008??

I remember those pics...and, of course the answer is no!

2 posted on 02/02/2012 10:15:18 AM PST by Jane Long (Soli Deo Gloria!)
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To: tcrlaf

I was on a thread on this subject and one linked article was comparing it to the S&P 500 and showing no correlation. Their conclusion was that the baltic dry index measures...shipping.

To which I responded, the S&P 500 represents...faith.

Only one of those things is tangible.


3 posted on 02/02/2012 10:15:28 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: tcrlaf

Even if more ships have been put into service, creating over-capacity, somebody has to pay for those ships.....they are not free.

If they are not hauling cargo, you will see financial backers (banks) take a bath on this.


7 posted on 02/02/2012 10:34:59 AM PST by Erik Latranyi (Gingrich=Tea Party, Romney=Gerald Ford)
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To: tcrlaf

The Baltic Dry Index has been a lousy indicator of future activity for the last several years.

Denver area is seeing a surge in economic activity. Houses and large ticket items selling like hotcakes all of a sudden. Hearing stories of multiple offers on real estate. My boat dealer friend says he’s sold 9 high-priced water ski boats in 5 weeks, very unusual to do in the winter. He also was 14% above last year’s numbers at the recent boat show.


9 posted on 02/02/2012 10:57:06 AM PST by SaxxonWoods (....The days are long, but the years are short.....)
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