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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (435192)	11/16/2008 8:21:13 PM
From: combjelly	1 Recommendation Read Replies (3) \| Respond to of 1573220

"Down the Republican Rabbit Hole" Not a bad summary of the situation. This is why I told i-node last week that he didn't understand the problem with his insistence on bad mortgages. They were only the fuse, it would have been something else, sooner or later. I suppose I can understand their head in the sand approach, the sheer magnitude of the problem is staggering. And there is so much we don't know about what is out there. The information that bentway has been posting about international shipping in the capesize ships is very scary. This article from last year illustrates the problem. miningweekly.com The Baltic Dry Index in the article was 8953. As of Friday, it was down to 841. dryships.com The trend has been the bigger the ship, the worse it is. And that is bad, bad, bad. The capesize ships are what moves basic commodities like coal, iron ore, wheat, etc. It takes some time for that stuff to wind its way through the system to pop out in finished goods. So consider it to be a leading indicator. So the goods pipeline is sucking air and at some point will stall out. Historically speaking, when international trade stalls out, there is nothing good for the economy.