A “Perfect Storm Is Coming” Deutsche Warns As Baltic Dry Falls To New Record Low

by Tyler Durden
ZeroHedge.com
01/05/2016

Following disappointing China PMI data and a collapse in US ISM Manufacturing imports data, the fact that The Baltic Dry Index has collapsed to fresh record lows will hardly be a surprise to many. However,as Deutsche Bank warns, a “perfect storm” is brewing in the dry bulk industry, as year-end improvements in rates failed to materialize, which indicates a looming surge in bankruptcies.

The Rest…HERE

This entry was posted on Tuesday, January 5th, 2016 at 11:53 am and is filed under Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.