The media continues to ignore one of best signals of an impending economic downtown (or more likely collapse). There are several factors in play economically that should be considered in conjunction with this news:
1. The collapse of the labor force in the United States
2. The new taxes/fines/premiums for Obamacare.
3. The collapse of Obamacare (and our health industry sector).
4. The supply of physical gold and silver.
5. The economic downturns in Europe and Japan.
I believe the economic downtown is so severe that even another war will not have an impact.
David DeGerolamo
Baltic Dry Continues Collapse – Worst Slide Since Financial Crisis
Despite ‘blaming’ the drop in the cost of dry bulk shipping on Colombian coal restrictions, it seems increasingly clear that the 40% collapse in the Baltic Dry Index since the start of the year is more than just that. While this is the worst start to a year in over 30 years, the scale of this meltdown is only matched by the total devastation that occurred in Q3 2008. Of course, the mainstream media will continue to ignore this dour index until it decides to rise once again, but for now, 9 days in a row of plunging prices is yet another canary in the global trade coalmine and suggests what inventory stacking that occurred in Q3/4 2013 is anything but sustained.
Baltic Dry costs are the lowest in 4 months, down 40% for the start of the year, and the worst start to a year in over 30 years…
