yank

Baltic Capesize Index Surges: A Step Towards Industrial Recovery?

Darburro:
I have to bellieve your version of the BDI makes more sense than the previous poster (coprophagous). As you so well said China's imperative is to continue their growth at/near a high single digit growth rate. Anything less and it's revolution time as you say. Much if not all of this carnage was due to the "freezing" of credit. It is inconceivable that frozen credit can continue indefinitely. Otherwise we will all end up living in caves.
China's list of infrastructure projects will require enormous amounts of commodities. That should benefit BHP, Vale, and Rio Tinto. You were correct that China had to show those guys who the boss is. What do they say in retailing, "The customer is always right". Vale was incredibly foolish to try to ram a price increase down China's throat (after a signed contract) in the early phases of a global slowdown. Talk about a "brain fart". What were they thinking?
With the USD collapsing as we speak, the fuse has been relit on the commodity supercycle. Nice post.

Yank