Shortages will start happening NOW! Please read and prepare

[tmosley]

I remember having seen another report about a year ago that said the BALTIC DRY INDEX had dropped by something insane like 95% or 98%. For those that dont know, the Baltic Dry Index reflects the ammt of goods we are shipping into this country. Does anyone have a link to that particular story? A link to the current Baltic Dry Index would probably also be helpful.

It's not goods coming into this country, it's total shipping by sea across given sea lanes (more specifically, the average price of shipping over those sea lanes), and as such is a measure of world trade. It collapsed back then, but now it is back near it's normal levels (it collapsed after a huge run-up). There was also a lot of shipping capacity that was taken offline, so it's not as reliable an indicator to compare to past trade anymore.

A link: http://investmenttools.com/futures/bdi_baltic_dry_index.htm

 

[libertybrewcity]

Prices went up, so shortages went away. Wait until price controls are brought back.

yea, i know. it just seems like this post spread lots of fear and nothing ever materialized.