Baltic Dry Index (Ocean Freight)

[malleefarmer]

They have to sell the goods for that forementioned Tarif revenue to come in, that’s the sticky bit

[errolanderson]

Ocean freight rates for dry bulk products like iron ore now in total collapse. Rates have now plunged more than 90 percent since September.

Global export commodities coming under heavy price pressure. One would think; this has got to shake-up the irrational, excessively overvalued, manipulated stock market. Central banks pulling all-the-strings here.

P.S. The Bank of Canada is apparently hawkish, thrilled over excellent Cdn jobs data released this morning despite Alberta losing an incredible 18,900 jobs in January.

What a mess . . . .

[macdon02]

Ocean freight rates for dry bulk products like iron ore now in total collapse. Rates have now plunged more than 90 percent since September.

Global export commodities coming under heavy price pressure. One would think; this has got to shake-up the irrational, excessively overvalued, manipulated stock market. Central banks pulling all-the-strings here.

P.S. The Bank of Canada is apparently hawkish, thrilled over excellent Cdn jobs data released this morning despite Alberta losing an incredible 18,900 jobs in January.

What a mess . . . .

If BOC wants to continue a program in favor of eastern Canada, I say giver. A Liberal govt in a minority position.... seems BOC has been overly hawkish as of late? WHY? The obvious answer is they are trying to keep currency up. Who benefits? The importers, also two relatively small areas of the country that are vote rich and very attractive to foreign investment. Toronto and Vancouver. What happens if the loonie falls? Well the exporters get a bump, that's everyone that's reading this and if you aren't on the receiving end, well GFY. The other side effect of a falling loonie is foreign investment starts taking a loss relative to USD and most likely the home currency that the investor comes from. Vancouver has already recognized this is an issue and decided to take a little on homes. What's the next downside target? .63 roughly but depending on what USD does in this flight to safety environment along with the price of oil, the .63 level is a starting point. Im guessing the minority govt is extremely sensitive about the home values in the areas they currently hold, so they are in favor of holding rates or raising, anything but inflicting pain to the fringe that's keeping them in power. I think im close on the reason why. Would the BDI have any influence on former Prime Ministers that own boats?

[Kraut]

They have to sell the goods for that forementioned Tarif revenue to come in, that’s the sticky bit

Importing companies pay the tariff, US Consumer has to buy the goods for the US to make the tariff revenue. You have it backwards