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Baltic Dry Shipping Index: If It Really Is a Proxy for the Economy, We're in Trouble

i recently spoke with one source at a major retailer who told me that a disruption of somewhat indeterminate cause has occurred among overseas suppliers. this source thought that the letters of credit issue might be the problem. this retailer, however, said that they now expect to receive fewer goods than they ordered for the upcoming holidays (orders were placed long ago and the retailer did NOT cut back on the orders). the source did say that given the recent financial and economic turmoil, this is probably just as well for this holiday season, but the shortage relative to orders is not yet demand driven. just one data point, but it does not agree with mr shedlock's opinion.