Global Macro Perspectives
Irish spreads reached a new high today an German demands of determining a burden sharing plan on any future bailouts. In short Germany refuses to underwrite all of the peripheral Europe new debt. This raised some restructuring talk in the markets. In the mean time Ireland is working on a 2011 budget, it remains to be seen whether they can bring […]
In the last month global economic outlook has improved a bit. In U.S. we can see some signs of retail sales and manufacturing activity growing at soft rates, but growing; at the same time employment, housing, construction spending, durable goods orders are stagnating. Recent fall in initial jobless claims has to be confirmed this week as […]
(For The Week Ending October 29, 2010) Baltic dry index fell 1.8% last week; Capesize Index was down 2.5%; Panamax Index rose 8.6%; Supramax Index was down 2.3%; Handysize Index was down 5.6%. Chinese demand strong, supply of available ships is enough to keep prices at current level. Chart 1. Baltic Dry Indexes Relative Performance Chart 2. […]