Bad Economic Signs 2012
Brandon Smith
Alt-Market.com
Wednesday, 18 July 2012
In January of this year, I wrote an analytic financial piece entitled ‘Baltic Dry Index Signals Renewed Market Collapse’:
http://www.alt-market.com/articles/540-baltic-dry-index-signals-renewed-market-collapse
In that article I discussed the record breaking low hit by the BDI and its implications for the global economy; namely, that it signaled a steep decline in true demand around the world for raw materials used in the manufacture of consumer goods, and that similar declines in the BDI’s past have almost always prophesized a crisis event in financial markets. The mainstream media attempted to write off the implosion of the BDI as a fluke, tied to the “overproductions of cargo ships”, instead of a warning sign of deteriorating demand. Of course, the past 6 months have proven that assertion to be entirely false.
Manufacturing has tumbled in the U.S., the EU, and Asia simultaneously as orders drop back to the dismal levels last seen in 2008-2009 after the credit crisis first took hold:
The Rest…HERE
