Monday, November 23, 2015

Globalization Is Collapsing. In Real-Time

Stock gamblers were too busy buying the ISIS attack rally to realize that the global economy is under first order implosion. In other words, stocks are way behind the curve...

The early news this week that I largely ignored was that the Baltic Dry Shipping Index fell to a new record low. The index is volatile and subject to over-supply of ships, so it captured little attention. But now, this just in, via Zerohedge:

ZH: Nov. 21, 2015

This collapse is occurring during the busiest shipping period of the year

On the demand side, this points back to the fraud that is the global recovery. On the supply side, this points to yet another industry that used 0% poverty capital to overinvest in capacity. Another group of corporate dullards, who are oblivious to their own role in collapsing demand, and are now getting buried for it. 

Baltic Dry (Bulk) Shipping Index:

Copper with global growth rate:

Commodities and oil:
Does anyone really think that oil can't go back to 1980s levels, when commodities are already there?

Shipping stocks aka. "No blind man saw that coming..."

Beyond asinine:
I will go out on a limb and say that this is why container rates are plummeting...

Inventories - sales: