from The Morgan Report
Baltic Dry Index over 2016 hit a new low, then picked up and now in 2017 it’s dropping off again. The world’s largest shipping container company is losing money. Not good for world trade. The historic numbers aren’t directly comparable because the ships have gotten so much larger, so capacity has swelled and prices have of course come down. In Australia, private debt has swelled and their real estate market has also gotten too high. In global tensions seem to be increasing. Tensions with Moscow are increasing. Commodities looking at the water crisis coming up in the future. Not sure when, but at some point it will arrive. PM demand is low in US. Germany brings back its Gold early.
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