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Monday, November 28, 2016
Saturday, November 26, 2016
QUICK OVERVIEW
- (NYT) A quarter of India’s 1.25 billion people are younger than 15. Every month, until 2030, nearly a million Indians will turn 18 European Central Bank
- (ECB) President Mario Draghi said 2016 marked the first year when gross domestic product (GDP) in the Eurozone recovered to above its pre-crisis level since 2008.
- (Economist) Global wealth distribution: Where you fit in - If you had only $2,220 to your name, you might not think yourself terribly fortunate. But you would be wealthier than half the world’s population. With $71,560 or more, you’d be in the top tenth. If you were lucky enough to own over $744,400, as 18m Americans do, you are a member of the global 1% that voters everywhere are rebelling against. Some of those railing against the global elite probably do not know they belong to it.
- (538) 82% of U.S. middle school students who weren’t able to determine the difference between sponsored content and a real news article, according to a new Stanford University study.
- (Bloomberg/538) $146 million, estimated size of the market for aloe vera products in the U.S. Well, for products that claim to contain aloe vera, anyway. It turns out that store-brand aloe products sold in Target, Walmart and CVS didn’t contain any aloe at all, according to a lab analysis sponsored by Bloomberg News, despite listing it as one of the top two ingredients.
- The Federal Trade Commission struck a blow for reality when it declared that homeopathic products may no longer make claims to treat any condition unless those claims are backed up by hard scientific evidence.
- (Economist) Arctic sea ice: On the rocks Scientists are interested in sea ice as a marker—and amplifier—of climate change. In recent years the melting season in the Arctic has been ending later in the year. As a result, the total sea-ice extent in September 2016 was over 3m sq km smaller than in September 1980—though not quite as small as in 2012, the worst year so far. In the Arctic, it is around 2m sq km below average, the lowest figure on record for November (Economist)
- Donald Trump said this week that on his first day in office, America would quit the TPP, a trade pact nearly a decade in the making. It would have covered almost 40% of the global economy. The deal was meant to be strategic as well as economic; its other signatories consider it pointless without American participation. Observers expect China to fill the void and assume economic leadership in Asia.
- CME Group, announced it set a total open interest record of 116,999,368 on Nov. 23, 2016. The new record surpassed the previous open interest record of 116,427,935 contracts set on June 9, 2016. Interest Rate open interest also hit a record of 69,493,548 contracts, surpassing the previous open interest record of 68,147,202 set on Nov. 22, 2016.
9/11, global elites and goblins: How America's top conspiracy theorist helped Donald Trump win
(NZ Herald)
Mr Jones offered his followers $US1000 if they appeared on national TV for more than five seconds wearing the shirt, and $US5000 if they shouted the phrase "Bill Clinton is a rapist".
Friday, November 25, 2016
The Drums of War George Monbiot
The combination of automation, complexity and climate change is dangerous in ways we haven’t even begun to grasp.
Thursday, November 10, 2016
Trump voters will not like what happens next
..millions of people will take up leaf-raking and garage cleaning with intense pleasure. I'll be one of them - back whenever..
..millions of people will take up leaf-raking and garage cleaning with intense pleasure. I'll be one of them - back whenever..
Wednesday, October 05, 2016
(USDA) Indian centrifugal sugar production in marketing year (MY) 2016/17 (out-year) is revised down by six percent to 23.9 million metric tons (MMT). Despite higher sugar production in Uttar Pradesh, lower than anticipated sugar production from Maharashtra and Karnataka will further push overall production levels below last year. Assuming normal sugarcane yields and a net decline in planted area, overall sugarcane production during the out-year is now revised lower to 324 MMT from 4.57 million hectares. Commercial trade will be minimal.
Monday, September 26, 2016
California Dreamin: If memory serves, the sugar move in the early seventies went from some 2 cents to some 66 cents. (I believe I know the guy that bought that all-time high tick).
Translating this to “now”, per the bureau of labor statistics inflation calculator, 2 cents in 1973 equals $11 cents now.
And 66 cents in 1973 are equal to $3.63 now.
Therefore, I’m now looking for a sugar move to $3.63. The Presidential debate is over, time for another whisky -
$ 3.63 HA
Translating this to “now”, per the bureau of labor statistics inflation calculator, 2 cents in 1973 equals $11 cents now.
And 66 cents in 1973 are equal to $3.63 now.
Therefore, I’m now looking for a sugar move to $3.63. The Presidential debate is over, time for another whisky -
$ 3.63 HA
Sunday, September 25, 2016
Sunday, June 26, 2016
Brexit cost investors $2 trillion, the worst one day drop ever
(CNBC)Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday, according to data from S&P Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis, according to S&P analyst Howard Silverblatt.
Friday, May 06, 2016
Dry Bulk Shipping To Witness Steady Progress Moving Forward On The Back Of Growing Trade Volumes Says BIMCO
“We are still worried about the sustainability of freight rates in the years to come. Our main worry is that demolition activity will slow down as the BDI improves. If shipowners slow demolition of ships considerably, the fleet will keep growing. This will widen the fundamental imbalance further because we forecast the demand side to grow slowly in the coming years. In order to reverse several years of adding capacity in excess of demand growth, we need to develop a multi-year trend of negative fleet growth. BIMCO assess the current utilisation rate of the dry bulk fleet at the low end of the 70s”, said the report.Sunday, May 01, 2016
Sunday, April 24, 2016
Saturday, February 13, 2016
Monday, February 08, 2016
Wednesday, January 20, 2016
Zombie ships send maritime freight into worst crisis in living memory
Cheap debt, the China slowdown, and a glut of ships have seen the Baltic Dry Index plummet to its lowest level in more than 30 years
Monday, January 18, 2016
Mercator to exit dry bulk shipping business due to downturn
Mercator decides to exit dry bulk cargo business carried on by its Singapore unit by way of divestment as part of its ongoing portfolio-restructuring exercise
Mercator decides to exit dry bulk cargo business carried on by its Singapore unit by way of divestment as part of its ongoing portfolio-restructuring exercise
Baltic Exchange Capesize index in new low
Opportunities are emerging to tempt those with strong nerves..
Opportunities are emerging to tempt those with strong nerves..
Sunday, January 10, 2016
QUICK OVERVIEW
- The whole world is on edge “again” so global stocks had a miserable start to the year – the worst ever.
- China’s stock market lost almost 10% for the week, causing trading to be suspended twice.
- Fears of a wider Sunni-Shia conflict are increasing
- North Korea keeps rattling nukes, and South Korea put its military on alert
- America’s economy added 292,000 jobs in December, better than expected.
- Inflation in the Eurozone is unchanged at 0.2%. Forecasters had expected a rise.
- Sweden, also battling low inflation, has a benchmark interest rate of -0.35%.
- Car manufacturers in the US had the best year “ever” – selling 17.47 million vehicles.
- Iron Ore prices continue depressed
- APX spot electricity rates are at a 15 year low
- Rubber continues to sink
- Total U.S. Rail carloads are down 20.3 %
- YoY Coal Rail carloads are down 35.3% YoY
- The Libor - Fed Funds Spread is beginning to look interesting “again”.
- Our opinion of Dow Theory is currently bearish. IT will return to a bullish stance if the Dow Industrials close above 17919 “and” the Dow Transports close above 8292.
- Dow Divided by CPI pulling back to breakout point.
- The CPI adjusted S&P hasn’t made new highs “yet”..
- When vied from this angle (lt DJ log) things look quite benign “so far”- especially if one includes dividends..
- The next short term S&P Cycle low should show up around Jan. 22 - perhaps!
- The S&P Vix Ratio is in green territory - perchance it’ll get a bit greener?
- Gold Bugs: buy XAU versus Gold?
- % of world markets with 5 week average above 20 week average
- % of world markets with 6 month average above 24 month average
- ( WSJ) 40% of millennials have used a pawnshop or payday lender.
- Brazil's inflation rate soaring to 10.7% a 13-year high
- U.S. home values gained $1.1 trillion; renters paid record $535 billion in 2015 T .
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