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/biz/ - Business & Finance

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12612248 No.12612248 [Reply] [Original]

The Baltic Dry Index closed 668 today.
The Baltic Dry Index was 1282 on 1st January.

It feels like the Chinese economy has imploded,
they just haven't told us yet.

Shipping crashed like this in June 2008,
three months before everything else.

>> No.12612297
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12612297

>no response
This is serious

>> No.12612368
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12612368

first time i've heard of it but i'm intredasted

>> No.12612398

Yeah but I'm all in crypto and don't give a duck

Only literal boomers care about the markets

>> No.12612410
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12612410

>>12612248
>Shipping crashed like this in June 2008,
>three months before everything else.

this, i remember too

>> No.12612467
File: 770 KB, 680x576, 898741634941564.png [View same] [iqdb] [saucenao] [google]
12612467

>>12612410
So... buy?

>> No.12612470
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12612470

>he looked at japan in the 90ies and saw no problem
>he looked at new economy in 2000 and saw no bubble
>he looked at real estate market in 2008 and saw no problem
>he is opening his eyes and sees no problems

>> No.12612514
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12612514

>>12612410
Just looked it up.
This drop today is nothing compared to what happened back then. Pic related.

>> No.12612539

>>12612514
There was a big bubble back then.
They have since changed the way the BDI is calculated.
I don't think numbers like the ones back then are possible today.
The index is still dropping 6-9% daily.

>> No.12612550

A quick look at the chart says it was lower in early 2016 without the Chinese economy exploding, but then again that coincides with the time the Chinese stock market crashed and they declared a mulligan lol. So in conclusion the Baltic Dry Index is a land of contrasts.

>> No.12612556

>>12612539
>They have since changed the way the BDI is calculated.
Source please.

>> No.12612570
File: 49 KB, 1266x762, BDI.png [View same] [iqdb] [saucenao] [google]
12612570

You know that the chinks take a week off on Chinese new year which is the upcoming week right?

The same drop happens every fucking year around the same time.

>> No.12612581

>>12612556
https://www.balticexchange.com/news/press-announcements/article/baltic-exchange-applies-changes-to-bdi/3662/

>> No.12612607

>>12612248
Wtf this have to do with my Baltic country?
We were always poor
^^

>> No.12612623

>>12612607
The Baltic Exchange traces its roots back to 1744 and the Virginia and Baltick Coffee House in Threadneedle Street. (English coffeehouses in the 17th and 18th centuries were important places for merchants and captains to exchange news.) It was incorporated as a private limited company with shares owned by its members on 17 January 1900. In November 2016 the Singapore Exchange (SGX) acquired the Baltic Exchange. It remains headquartered in London.
https://en.wikipedia.org/wiki/Baltic_Exchange

>> No.12612646

>London
you mean (((city of london)))

>> No.12612665

>>12612623
Oh the irony, but thanks anyway!
^^

>> No.12612689

>>12612570
Lol, you're unironically recycling tbe Chinese New Year hopium?

>> No.12612714

>>12612581
Thanks, pal.