What's up... with the Baltic Dry Index?

[ricelso]

now it's down 61% since October...

[dino33ca]

@ricelso Exactly. These guys should do another video on this subject!

[TheClarko1234]

very informative, but shouldnt be on Facebook at work :p

[Panpiper]

Of course there is another possibility to explain the rise in price of the Baltic Index. Yes, it might be because demand for shipping is up so much that prices rose 16%. though frankly that is a long stretch. Alternatively it might well be that the price has gone up due to monetary price inflation, the cost of fuel, etc.. The world's governments are inflating the money supply at a pace utterly unheard of. Anyone not expecting MASSIVE price inflation to soon loom is simply not paying attention.

[h1rschp]

@Panpiper True, inflation is one possible reason for this uptick, but inflation is not running at 16%, and shipping fuel costs certainly aren't. The day this report came out, we also heard another report, that shipping traffic in the Suez canal has increased sharply. So maybe it's a bit of both - inflation and increased traffic.

[nld1960]

It takes 320,000 yrs to count to 1T nonstop.This debt is more than all debt combined from our entire history!This train cannot be stopped once we go into exponential numbers.Do away with all Gov't Agencies,except SS,Welfare,Medicare,Medicaid.

Stop ALL:defense,energy,CIA,educati­on,labor,all 350.It Would Still Be Impossible For The US to pay it's debt.Do the math.These little things you speak of mean nothing.Go to usdebtclock org.47M on foodstamps.You Have to know this.What say you?

[nld1960]

Paddy, I used to like you until I found you are so liberal. A little here and there, but how do you stop Trillions of dollars of debt?Obama is giving away more than we can spend.I am sure you can do math.It is mathematically impossible to stop and go back down when our debt is up the handle of a hockey stick chart.You know that Paddy.I bet you believe people are responsible for global warming and cap and trade is good.No it is not on both.The dollar has gone down for years.14TDebt100%GDP

[juddweiss]

could this indicator be reflecting... inflation???

far from good news

[Kblues80]

You ROck PAddy!

[kenji4861]

Thanks for the explanation.