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« 50-Year Veteran On Gold And How Bad Things Have Suddenly Become In The West | Main | This Area is the ‘Future of the Mining Industry… I’m not Interested in Anywhere Else’ – André Gaumond, Virginia Mines »
Sunday
Mar152015

Record Low Baltic Dry Casualties Emerge: Third Dry-Bulk Shipper Files For Bankruptcy In Past 3 Weeks

 

The unintended consequences of a money-printed, credit-fueled, mal-investment-boom in commodities (prices - as opposed to physical demand per se) and the downstream signals that sent to any and all industries are starting to bite. The Baltic Dry Index has plunged once again to new record lows and the collapse of the non-financialized 'clean' indicator of the imbalances between global trade demand and freight transport supply has the real-world effects are starting to be felt, as Reuters reports the third dry-bulk shipper this month has filed for bankruptcy... in what shippers call "the worst market conditions since the '80s."

To read more please click here


(Thanks to Ed Steer's Gold and Silver Daily for bring this to our attention.)

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