Baltic Dry Index: All-Time Low

[errolanderson]

It's never been cheaper to freight cargo across the oceans at a time of a global commodity price collapse and new ships entering the competition.

Shanghai Shipping Index (China to Europe) now about 40 to 50% below even the lows seen in 2009.

Brazil's economy in-turmoil while Canada and Australia certainly not far behind while government spending accelerates debt and the U.S. plans a series of rate hikes over the next year.

The true definition of a 'mess' . . . .

[Hopalong]

As a producer and exporter of bulk commodities, lower freight costs should be good for us.
To the extent it reflects decreased demand, not so good.

[mcfarms]

this may be a different story that last time though, last time we saw QE and heavy printing. This time can they go that route again, I can only use so many iphones.