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Baltic Dry Index springs a leak

Economic news relating to SHTF
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PostPosted: Thu Jan 26, 2012 2:27 pm
People worry, but they always seem to fall back on the Gooberment will alway's be there to bail them out. What they never think to ask themselves is what happens when the Govt. can't even take care of themselves because nobody is home. shrug
With the speed that so many things seem to be happening lately I have been increasing the speed of building up my preps. At least I won't have to worry!


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PostPosted: Thu Jan 26, 2012 3:48 pm
I agree RRMom! People just can't imagine anything that would take government out of the equation. The truely believe the government is here to serve THEM. Poor buggers!
all we can do is prep and be alert.
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PostPosted: Fri Jan 27, 2012 2:13 pm
http://www.marketwatch.com/story/global-ship-glut-fueling-baltic-dry-index-plunge-2012-01-27?link=MW_latest_news

New super-sized ships ordered up during the era of cheap credit and surging global trade could explain the index’s 57% plunge in the last three weeks, according to Macquarie Research, which described this month’s BDI drop as “relentless” and “extreme.”

The BDI, which tracks worldwide shipping rates for dry-bulk cargoes in four vessel classes, is now touching lows last seen in early 2009, when global trade was just recovering from the financial shock waves of the Lehman Bros. collapse.

Shipping rates for Capesize vessels, a class that includes some of the world’s biggest ships, are down 76% this so far this year.

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