Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues…

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John Faraclas


Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues…

The BDI (Baltic Dry Index) was down earlier on today seven points to 1,357 and on a weekly basis 21 – from 1,378 points (08 Nov.2019). A contained fall with only the Capes being on a slight upwards mode…. The Wets on the up. Geopolitics more than enigmatically perplexed and uncertain amid a colossal and despicable debt covering Planet Ocean which we constantly mention in our reports – at least once a week (US$ 250 – twohundredandfifty trillion we said), as being the main factor for our bankrupt society; US$ 255 trillion is not a joke as it taints university books and internet references. John Faraclas’ brief daily and weekly recaps:

The Capes’ BCI was up 12 points and now stands at 2,635 points; same was also up 191 points on a weekly basis – up from 2,444 recorded last Friday; still one size doesn’t dictate or constitutes a market particularly when he main index, that of the BDI is in red!

The Panamaxes BPI was down 19 point at 1,118 points; on a weekly basis the BPI was down 172 points from 1,290 last week… with the 1,200 points threshold lost!

The Supras’ BSI was also down but marginally at 755 points – minus ten; the weekly lost was 69 points – from 824… The 800 point threshold is lost!

The Handies’ BHSI was down five points at 509 – about to lose the 500 points threshold… The weekly loss 30 points – from 539 points…

So all in all a falling dry market but thanks Posidon not that much to raise fears… as Christmas and 2020 approach…

The Wets on the plus again; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,119 – up 37 and 632  up 20 points respectively. The weekly figures were encouraging; the Dirties were up 220 points from 899 and the Cleans up 15 from 617. The good thing was that the Dirties re-gained the 1,000 point threshold. In any event watch this space…

The WTI stood at US$57.72 – up 95 cents since yesterday and 48 cents higher since last week’s US$ 57.24… Another area to watch!

The unprecedented Geopolitics continue to lead slowly but steadily to an all-out war. Those who object to this coming Armageddon better go and see both their psychiatrist and uni (university)  text books – not to mention history itself…

What is worrying is this colossal debt of US$ 255 (twohundredandfiftyfive)  trillion which will never ever be written-off except, marginally/partially by ten maximum twenty centum at best given what we can accumulate in a year’s time and with a global conflagration 20 centum in two to five years’ time. The IIF – Institute of International Finance assumption is that the burden on each one of us is US$ 32,500 by 7.7 billion inhabitants of Planet Ocean… We are more than “happy” with this figure as sometimes people see us with an ironic eye; now they know that they have spectacularly failed and their arrogance is that that lead things this way… our way of reality!!! A social upturn is already under way; Planet Ocean is on fire, wake up! We must try and stop this financial mess!

MIGRANTS will continue to make an unprecedented situation all over Planet Ocean but mainly in Europe with Greece, the Italy, Malta and Spain the main victims.. CAUTION as we will all face incalculable repercussions !!!

The ten hot spots from Gib to Afghanistan and from the Caucuses to the Horn of Africa… Wast Med and the Middle East boiling and the Balkans too from Turkish and Russian influence…

Turkey blackmails all!!! End of the story!!! What’s then is the antidote to these Turkish blackmail and provocations???

Iran, Iraq and Syria might produce further surprises… Don’t underestimate the Kurds…

…and mind the patience of Israel…

Europe in total disarray…

BREXIT will have a monumental long lasting effect for all… So will the  forthcoming elections in the UK – less than a month to go…

Catalonia yet another upcoming issue…

The exchange of Spies between Russia, Norway and Lithuania something to watch… and there is more to come…

At the other side of the Atlantic president Trump’s impeachment offers more than food for thought. Watch this space… The Pandora’s Box of too many revelations is about to open!!!

South American blues with Chile and Bolivia on fire following Venezuelan, Brazilian and Argentinean mess… AND Colombia too…

In the Far East, Hong Kong might unleash the Aelous winds… China will not stay put…

Africa…? Oh lala trying to curb Piracy and Corruption… but also exploitation by the main super powers must end…

Australia leaves in another world!!

Mind the Fires, Tsunamis and Floodings – poor Venice, California…

More on Geopolitics in the first update…

Katerina Ploumidakis at the podium

On another note and tone last Wednesday the 13th November at the School of Ursulines, in Psychiko, Athens, the renowned author, Katerina Ploumidakis, presented her latest book, “Danikos Chronos” (i.e. Borrowing Time in greek).

The presentation was attended by a prominent audience, while all the proceeds were donated to ESTIA charitable organisation for children with mental disorder.

See you tomorrow at the Oinoussian Ball!  A very down to earth charitable event!!  For almost 80 years the Oinoussai Benevolent Fund has been providing assistance and support to those in need on this eastern Aegean island – just off the Anatolian coast of Turkey, as well as supporting various worthy causes, including the prestigious Naval Academy for Merchant Mariners! As a result of the recent economic crisis in Greece, the Fund’s assistance has been increasingly needed, especially  to help poor and risk compatriots! The Oinoussai islands are constantly pestered by Turks, either by the violation of the airspace or its territorial waters… Shame that the EU and NATO do nothing!!!

Have a nice evening/weekend and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

 

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