Subject: [Homestead] BDI showing big commodity deflation, I think
Date: Sun, 9 Nov 2008 13:42:46 -0800 (PST)
the Baltic Exchange Dry Index (BDI),shows supply and demand for shipping
loads of (primarily)commodities. I just linked to the chart which shows the
demand falling off the chart.
If true, there should be ships anchored in seaports, not delivering goods.
Supply should be larger , already, than demand; and commodities that we
import should, for a while, became very cheap. We could be seeing 90 cent
gasoline again, soon.