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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (508305)8/27/2009 11:41:46 AM
From: tejek  Read Replies (1) of 1578116
 
2) The Baltic Dry Index measuring freight rates for bulk goods and commodities has been falling almost continuously for eleven weeks, dropping from 4,290 to 2,778 on Thursday.

Is this just a glut of ships or is this telling us what the Shanghai market is also telling us, that credit tightening by the Chinese government is pulling the rug from underneath the latest commodity bubble?

Its the former as well as China stopping its buy of commodities....at least for now. Whoever Ambrose is.....s/he is a few weeks behind the curve.

But I am absolutely convinced that those who think we can return to the status quo ante of the credit bubble as if nothing has happened are delusional. As almost every central banker in Jackson Hole reminded us over the weekend, it is going to be a very long hard slog.

I see.......its either another crash or a return to the credit bubble. I love people who see only in black and white. Boring!
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