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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (434740)	11/13/2008 1:59:17 AM
From: tejek	Read Replies (2) of 1577111

Two signs that something is seriously wrong The BDI has been cratering since this past summer. I think it was you I posted the chart for DRYS.....well DRYS and the BDI are joined at the hip. They say there are so many ships docked in SE Asia......you can walk from Singapore to Indonesia. The ships are loaded but are not going anywhere because the banks are not honoring the letters of credit they've issued to shippers. That's one problem. A second problem has to do with commodity prices......they've dropped so quickly that a ship loaded with iron ore can't be sure what the price of ore will be when they dock at their destination. In addition to our screwups with subprime housing, China is also a major culprit in this mess. Prior to the Olympics, they were consuming commodities like their very lives depended on it. Then once the Olympics ended.....nada. China has not come back into the world markets for commodities in 3-4 months. So the demand for commodities has fallen off a cliff. I given up trying to understand exactly what's going on.....and I have given up worrying. I just taking it one day at a time.

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