The Baltic Dry Index has collapsed below the level of 2008. Part of the reason is the supply of new ships, but demand has collpsed as Europe is in a deep recession, the U.S. is headed back into recession, and China’s customers aren’t buying as much of their shit. Gallup has just reported a large jump in unemployment in February. Gasoline usage has plunged in the last month. Oil just hit a nine month high of $105 per barrel.
Politicians, Wall Street and the MSM want you to believe the economy is in good shape. Buy stocks. Buy cars. Buy another TV. Do your part. Borrow and spend to save America.
Do you really think the economy is recovering? Do you really think the stock market will be higher in six months? Really?