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  • Baltic Dry Index Almost Back to Record Highs [View article]
    And of course financials were dominant in the S&P.
    May 13 08:12 am |Rating: 0 0 |Link to Comment
  • Baltic Dry Index Almost Back to Record Highs [View article]
    Were you in a different solar system during the last 10 months or so?

    Obviously financials were in a bubble, because they gave loans and mortgages to people, who couldn't afford them. (May be I am a bit old fashioned, but when people need to get a mortgage on their house to repair the roof of that very house, they cannot afford the house and on top of that the whole thing goes down with out a down payment.

    That's what I call a bubble and that's what led to the credit crisis.
    May 13 07:31 am |Rating: 0 0 |Link to Comment
  • Baltic Dry Index Almost Back to Record Highs [View article]
    No, guys. The chart shows, that all this time financials were in a bubble. It burst in October and now this chart makes sense again.
    May 12 03:11 am |Rating: 0 0 |Link to Comment
  • Baltic Dry Index Almost Back to Record Highs [View article]
    The Baltic dry is really impressive. Last week there were two days, when it jumped 3%.
    May 11 13:20 pm |Rating: 0 0 |Link to Comment
  • OPEC Signals U.S. Rally [View article]
    Anyone, who believes what Saudi Oil guys are saying, cannot be helped.

    They claim, they have 260 billion of oil, and that for 20 years in a row. Well that is some miracle.

    If the Saudis really are so concerned about the world economy, then why the hell don't use their infamous '3 MILLION BARREL SPARE CAPACITY' and crush the price of oil, like they did in the past.

    Because they don't have any spare capacity. Not a barrel not cup.

    Or does anyone think, that they would invest billions to bring a field online, they abandoned years ago, because it was to expensive back then?

    At 120 Dollar Oil every field on this planet produces at the limit. If anyone thinks otherwise, than i am sorry.

    And again i have to bring following argument:

    If revenues of oil-service companies around the world multiplied over the last couple of years, then why didn't production?? Because for the last 50 years the world lived in this unnatural state, where oil came from several giant fields. These fields were every oil companies dream.
    Huge and easy to deplete. And they made oil cheaper than Coca-Cola.
    These fields are gone, or about to be gone.

    Easy oil is gone, now comes the hard part.


    Folks wake up, these are not the eighties, when Reagan gave the Saudis a call and they crashed the oil-price in a heartbeat.
    Apr 29 07:01 am |Rating: 0 0 |Link to Comment
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