World Economy; The Uncooked Books

[El Laton Caliente]

I'm posting this as the global economy is what is in play. We are seeing cooked books on most economic indicators in the USA. Let's look at uncooked stat's...

http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

http://www.bloomberg.com/apps/chart?h=200&w=280&range=1y&type=gp_line&cfg=BQuoteComp_10.xml&ticks=BDIY%3AIND&img=png

The Baltic Dry Index measures dry cargo shipping. This is bulk raw goods going to processors and manufactored goods going to market. As you can see the bottom has dropped out.

Next the commercial property market in the USA:

http://www.nationalreview.com/exchequer/290140/armageddon-strip-mall

The money quote:

In New York City alone, there’s about $70 billion worth of commercial mortgages — some of which have been sold off as mortgage-backed securities, naturally — coming due this year. The national total is more than $150 billion, or a bit more than 1 percent of U.S. GDP. That’s going to be a little awkward: The value of U.S. commercial properties has declined by an average of 45.7 percent since their all-time high in 2007, according to Real Capital Analytics. Those 2007 vintage loans weren’t exactly bulletproof: Typical terms included a 20 percent down payment and a five-year payment schedule that required little more than interest payments. An $80 million mortgage on a $100 million property is not so bad, but an $80 million mortgage on what is now a $60 million property is a problem. More than half of the 2007-vintage loans are expected to have trouble refinancing, and maybe well more than half.

This is going to cause huge problems in the banking industry.

[O.S.O.K.]

Good post. I personally think we are fucked and the govt. (make read obummer) knows it well and good too. I think that obummer has been planning on this and doing everything he could to ensure that we get ripped down to our bare bones so that he can reshape the country in a communist/socialist model.

Hope you don't mind but I'm going to borrow this and post in another board to share too...

Further, I think they know that this will entail civil war at some point and they don't give good God dam about that. Consider it a "cost of progress".

This coming election is extremely important.

[arcangel]

Agreed, we are pretty fucked. Obungus the Fungus is eating us away wherever and whenever he can. Mostly financially, and politically. Welfare is a joke, sad to see really. Hard working Americans get side lined while illegal immigrants and minorities of a certain color get away with murder. I'm afraid of the costs of civil war, but often feel maybe its needed to at least slow the bullshit down. I wish I had land and a retreat to fall back to, far enough off the grid where others wouldn't want to go, stocked to the teeth and low key. Maybe if I win the lotto. I think to myself of different possibilities and scenarios and try to prep for these. How far is the public going to remain silent and action less? And what honestly can we do as individuals and families? When are we going to get some Gunsnet patches or badges of some kind, so I know who not to shoot at. What kind of world is my daughter going to be raised in? Assuming we even get the chance. Questions I ask myself, I don't have answers for.

[El Laton Caliente]

Some uncooked numbers... The number of people "not in the work force". The population goes up and the non-workers go up faster?

http://static5.businessinsider.com/image/4f2c1745ecad045421000062/chart.jpg

[Warthogg]

The Baltic Dry is down about 38% for the last 12 months but down about 63% year-to-date.

Since about 12/12/2011, the Baltic Dry has basically fallen off a cliff.


Wart

[sevlex]

And now it's come to this:

Shipping Rates Go... Negative (http://www.zerohedge.com/news/shipping-rates-go-negative)

"GLENCORE HIRES SHIP AT MINUS $2,000 A DAY, GMI SAYS"

[caaraa]

That is a great site! I saw the information is very usefule!
http://www.primeaffiliate.com/track/images/20.creation.jpg
http://www.canadablackberry.com/imgs/images/2.tod.gif

[old Grump]

Plant your garden, brush up on usable skills, and learn to barter. The underground economy may be the only viable economy left.

[El Laton Caliente]

The Federal Reserve's Explicit Goal: Devalue The Dollar 33% (http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/)

[Penguin]

The Federal Reserve's Explicit Goal: Devalue The Dollar 33% (http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/)

That sure looks bad.

[Altarboy]

We are going to skip our Colorado trip this year in favor of saving our rubbles and prepping some more. This world needs some leadership.

[NAPOTS]

well that is one way to handle the huge debt burden we have as long as the inflation rate outpaces our interest rate, and as low as the rates are that doesn't seem hard to do.