Monday, September 29, 2008 9:28:21 AM
charting BDI...
In the overall Great Global Expansion since the turn of the century BDI is in a rising channel for rates. If the BDI finds support at 3270 then it should signal that the US recession will stay somewhat isolated to this region and expansion in other regions will compensate. I'm not saying that the rest of the world will not feel the effects of a credit crunch in the US, but that our view of the crisis is someone skewed because we re at the epicenter of it. Which means recovery or expansion in the rest of the world will help lift the US out of the crisis.
In the overall Great Global Expansion since the turn of the century BDI is in a rising channel for rates. If the BDI finds support at 3270 then it should signal that the US recession will stay somewhat isolated to this region and expansion in other regions will compensate. I'm not saying that the rest of the world will not feel the effects of a credit crunch in the US, but that our view of the crisis is someone skewed because we re at the epicenter of it. Which means recovery or expansion in the rest of the world will help lift the US out of the crisis.
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