Monday, January 30, 2012

Baltic Dry Index has collapsed again

Things were bad in 2008 and coming to a head for what seemed like an age before the full disaster hit.  The solution to that crisis was to bail out the indebted banks, swamp the world with printed fake money and let the middle classes lose their pensions and returns on investments and house values all go hang.

 The crunch moment came whenthe Baltic Dry Index collapsed and the world's shipping sat idly around the globe. The same has now happened again. 

Who will the politicians rob this time to maintain their lifestyles and power without responsibility?

More comment and the index charted from here;



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