Credit Cruuuunch

Since mid-May, the Baltic Dry Index is down a whopping 65%.  Talk about a global slowdown!

click to enlarge

Comments

[tinman:]

China pause... wait 6 months

2008 Sep 28 11:04 AM

[p2pvoice:]

Not a global slowdown; just a reversal to mean. The chart clearly shows how overextended the index was.

2008 Sep 28 11:14 AM

[whidbey:]

There is more than a slow down, it is destruction of consumption capacity, via destruction of credit and liquidity. We are posed on a knife edge globally. It will likely settle a new lower, likely much lower, equilibrium supported by core consumption of food, energy and consumer non-durables.

2008 Sep 28 01:22 PM

[lblaine:]

After the Olympic orgy, China is re-thinking its direction. They will focus on internal development. They will purchase energy, metals and other assets, at the source, that assure them a stable supply. They do not need the US and Europe.

2008 Sep 29 08:13 AM