Baltic Dry Index

[Hopperbin]

Just heard some info about the Chinese economy. One is within 5 years the Chinese economy will surpass the United States in dollar value. Also in that time frame China will become a more important trading partner than the USA. The Chinese economy is still growing at 9 percent per year.

[Cattleman]

Found this very interesting from WSJ yesterday – it appears that “Made in China” may be a thing of the past. The world’s best place to make things cheaply may no longer be able to sustain the trend. The combination of China’s one-child policy and cultural preference to boys (read: shrinking pool of workers), rising middle class, increase in commercial land prices, supply-chain problems, and volatile energy prices have likely turned the table on the trade imbalances that have developed with China over the years. The Nationalists among us are cheering as the changing cost dynamics have boosted hopeful talk that U.S. manufacturers will turn to “in-sourcing” and move operations back home. But, they best not buy the confetti too soon as Mexico may be stepping up to the plate. Despite security concerns, wages are substantially lower than in the U.S. A look at recent trade statistics suggests companies are already on the move. The number of loaded shipping containers entering the ports of Los Angeles and Long Beach, CA—the major entry points for Asian imports—edged down 0.2% last year. But, trains and trucks carried 8.7% more freight, by weight, from Mexico to the U.S. in the first 11 months of last year than they did a year earlier.

[Hopperbin]

Interesting things happenning. Hard to grasp it all. China's economy is obviously being fueled currently more from domestic consumption as exports may have been maxed out. Not sure about the stats on boys girls anymore, as far as I am concerned the mentality has shifted to raising girls with a future over a boy with none. Our education on china could be much improved. Would be interesting if there are any stats on what is moving where when we look at the BDI.

[cottonpicken]

Doing any buying Hopper?

Can you believe the p/e ratio of sso is 3?

[Hopperbin]

Since I almost doubled my money on PBN I decided to purchase PMG in Dec. So far so good. I am in celebration mode cause the chinese ex lost a hundred grand on HNU, greedy bitch.

[Hopperbin]

Cotton I believe a lot of SSO's earnings were the result from the sale of PVG. I don't know if some of the earnings are carried forward or was a one time deal. Feb. 27 will be the day but if PVG is still rallying like it is something is not correct.

[cottonpicken]

Lol,i can't believe gas did what it did.

Good job on pbn,seen bnn trying to slam it down in
an interview ,so should have known something was
up.

Quartermain is a genius or a liar or both.

[Hopperbin]

Did not see bnn slamming pbn, sorry to get you off your own topic but what did they say?

[cottonpicken]

It something about not hitting targets because of the
weather we had in the spring and then if i remember
right some sort of debt restructuring?,it was a while
back.

Typical bnn nonsense trying to make good resource
companies look week,they even did it to crescent
point once.

[rhoff]

The BDI started to trend lower after the queensland flooding in Australia due to the coal exports being suspended.Then the glut of new capesize vessels started to hit the market.There is absolutely nothing new about the BDI sucking.This is going to have to grind lower for a while to convince the shippers start scrapping older ships and some to go broke.You look at the chart for GNK and you will see this has been going on for a while.it was a year ago that I sold this stock at a hefty loss.

[jackspratwhynot]

Whether you're BNN (and probably really just the guest or commentator) or "cotton" spouting off your personal analysis; you're really not much more of a genius than you give yourself credit for.

[cottonpicken]

Don't you have a pipeline to go bomb?