The continued collapse
of The Baltic Dry Index remains ignored by most - besides we still have
Netflix, right? But, as Dollar
Vigilante's Jeff Berwick details, it appears the worldwide 'real' economy
has ground to a halt!!
Last week, I received
news from a contact who is friends with one of the biggest billionaire shipping
families in the world. He told me they had no ships at sea right now,
because operating them meant running at a loss.
This weekend, reports
are circulating saying much the same thing: The North Atlantic has little or no
cargo ships traveling in its waters. Instead, they are anchored. Unmoving.
Empty.
You can see one such
report here. According to it,
Commerce between
Europe and North America has literally come to a halt. For the first time in
known history, not one cargo ship is in-transit in the North Atlantic between
Europe and North America. All of them (hundreds) are either anchored offshore
or in-port. NOTHING is moving.
This has never
happened before. It is a horrific economic sign; proof that commerce is
literally stopped.
Full text at: http://www.zerohedge.com/news/2016-01-11/nothing-moving-baltic-dry-crashes-insiders-warn-commerce-has-come-halt
