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Monday, August 31, 2009

 

baltic dry as a leader


via kirk report, afraid to trade -- something of an adjunct to seeing shanghai as a leader (off more than 5% today again) may be seeing the baltic dry shipping rate index as a leader. container freight rates are very low in spite of the continuing buildup of mothballed boats in major anchorages like singapore and gibraltar.

UPDATE: more from fund my mutual fund.

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"because of" would be accurate than "in spite of"

 
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the way i see it, anon, mothballing capacity is the only thing that's kept rates this high. if all the idled boats were active and competing for shipments, what would BDI read? same for airfares, fwiw. i'll wager a lot of these vehicles never come out of storage.

 
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right, I get it, thanks from your slower readers

 
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Debt relief plays a significant role in some artworks: in the play The Merchant of Venice by William Shakespeare, c. 1598, the heroine pleads for debt relief (forgiveness) on grounds of Christian mercy. In the 1900 novel The Wonderful Wizard of Oz, a primary political interpretation is that it treats free silver, which engenders inflation and hence reduces debts. In the 1999 film Fight Club (but not the novel on which it is based), the climactic event is the destruction of credit card records – dramatized as the destruction of skyscrapers – effecting debt relief.

 
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