Financial Sense

Baltic Dry Goods Chart is giving signals

by Brian Bloom, Beyond Neanderthal | June 17, 2010

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Steep fall. Too steep for comfort. Implies that volumes of dry goods being shipped, world-wide, is contracting sharply. Might bounce from here but I don’t like that angle of decline. Could just as easily halve as rise.

If this continues, it’s only a matter of time before already skittish investors start to jump ship (equities) and/or jump into the life rafts (gold).

So, the question is: What will the authorities do? Not many options left. War? There seem to be two emerging candidates, viz Middle East and Korea.

What would you do if you were Obama? Sees to me that he (and Rudd in Australia) are floundering around. They’re talking louder and with more confidence but it smells like bullshit to me. Which country will fall next? Spain? See fourth chart below.

Some would argue that this must be buying time. Maybe it is but I can’t see it.

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Madrid
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