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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chas. who wrote (113087)7/13/2010 6:21:38 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 116555
 
BDI - Index - unrealistic fluctuations - US reputation is slipping fast

If anyone is following the BDI index will witness huge index manipulation.

Spoke to a small ship owner operating more than a handful of bulk Handymax ships - his remarks - cursing the US Wall Street Banks for manipulating even the BDI index - and not only energy prices

This is the deep and lasting damage that WS bank inflict into the good reputation of the US - it seems that in Washington they fell asleep and our reputation is slipping fast - something must be made in this regard and fast.

The US will end up being hated all around the world because the excessive WS greed and market manipulations - not an exciting position to be in