Baltic Dry Index

This tag is associated with 9 posts

The Calm Before The Coming Global Storm

By Pepe Escobar Major turbulence seems to be the name of the game in 2016. Yet the current turbulence may be interpreted as the calm before the next, devastating geopolitical/financial storm. Let’s review the current state of play via the dilemmas afflicting the House of Saud, the EU and BRICS members Russia, Brazil and China.   … Continue reading

Economic Activity Continues To Collapse All Over The Planet

By Michael Snyder If the global economy is in fine shape, then why does all of the hard data tell us that global trade is absolutely collapsing?  The Baltic Dry Index has fallen below 300 for the first time ever, and export numbers are way down for almost every major exporting nation on the entire … Continue reading

Global Trade ‘Worse Than 2008 Crisis’: Influx Of Ships Being Parked As Baltic Dry Index At All-Time Low

As the Baltic Dry Index (BDI) continues to crash to new record lows, an influx of ships are being parked at ports around the globe, thus threatening global trade in a crisis “worse than in 2008”. The global shipping index and industry has come under tremendous pressure as the price of oil continues to crash amid a global glut and … Continue reading

22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016 Is Just The Beginning

By Michael Snyder As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises to be much worse.  Layoffs are increasing at a pace that we haven’t seen since the last recession, major retailers are shutting down hundreds of locations, corporate profit margins are plunging, … Continue reading

Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

By Michael Snyder Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as … Continue reading

Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated

By Michael Snyder We have not seen global economic activity fall off this rapidly since the great recession of 2008.  Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low.  If the … Continue reading

Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill

By Michael Snyder For the first time ever, the Baltic Dry Index has fallen under 400.  As I write this article, it is sitting at 394.  To be honest, I never even imagined that it could go this low.  Back in early August, the Baltic Dry Index was sitting at 1,222, and since then it … Continue reading

If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next – OpEd

By Michael Snyder Are we on the verge of a major worldwide economic downturn?  Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead.  As you will read about below, the big banks are warning that the price … Continue reading

Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…

By Michael Snyder It isn’t just the price of oil that is collapsing.  The last time commodity prices were this low was during the immediate aftermath of the last financial crisis.  The Bloomberg Commodity Index fell to 110.4571 on Monday – the lowest that it has been since April 2009.  Just like junk bonds, industrial commodities are … Continue reading

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