CALIBRATED CONFIDENCE: Baltic Dry Index Implodes

"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Friday, January 13, 2012

Baltic Dry Index Implodes

Down 50% in one month

12 January 2012

Baltic Dry Index (BDI) -88 1105
Rates

		BCI	(Cape index)	BPI	(Panamax index)	BSI	(Supramax index)
INDEX		1798	-194	1338	-55	999	-36
SPOT 4 TCE AVG	(USD)	9959	-2167	10663	-448	10442	-381
YESTERDAY	(USD)	12126		11111		10823
YEAR AGO	(USD)	9855		15541		11044

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Friday, January 13, 2012

Baltic Dry Index Implodes