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On This Day In History, The Baltic Dry Index Has Never Been Lower
Zero Hedge ^
| 1-8-2015
| Tyler Durden
Posted on 01/08/2015 9:10:52 PM PST by blam
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To: Parley Baer
if you have 100 ships competing for 99 cargoes, rates go down, whereas if you’ve 99 ships competing for 100 cargoes, rates go up Exactly, and the price will move by far more than 1%. Same goes for any commodity market that has limited elasticity of supply/demand.
21
posted on
01/09/2015 5:05:47 AM PST
by
thackney
(life is fragile, handle with prayer)
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