*** The Atlantic: Picture of the Day: Shanghai in 1990 and 2010 ***
*** Market Folly: David Tepper Interview: “I Am Cautious But I Am Optimistic” ***
*** The Big Picture: Is China an ‘Enormous Tail-Risk’? ***
*** The Big Picture: There Goes the Neighborhood Correlation! ***
*** The Big Picture: Gold net longs hit lowest since July ’09 ***
*** FT Alphaville: Correlation trading and the WTI-Brent spread ***
*** FT BeyondBRICs: Why the market is wrong about China ***
*** Forexlive: California Treasurer Says No Way States Enter Bankruptcy ***
*** The Slope Of Hope: Major Commodities Top? ***
*** The Slope Of Hope: Commodities At 50% Retracement ***

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Baltic dry index fell 4.8% last week; Capesize Index was down 2.4%; Panamax Index fell 14.2%; Supramax Index rose 2.4%; Handysize Index was up 1.6%.

Iron ore stockpiles in Chinese ports at all-time high, iron ore demand will be weaker because of lunar new year (February 3rd). All this looks quite negative for dry bulk rates.

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Weekly economic calendar.

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