Baltic Dry Index Sits a Lows:
The Baltic Exchange is the world’s only independent source of maritime market information. It’s 600 members are responsible for a large proportion of the world’s dry cargo and tanker fixtures. Recently the index derived from the members’ pricing information for shipping fell to an all-time low and has remained near that level for days.
Global Ship Tracking Seen from Space:
Massive Container Ship Docks at London Gateway:
From Maersk: Watch the spectacular time lapse video capturing Munkebo Maersk, Maersk Line’s latest Triple-E, calling at London Gateway for the first time on February 26th, 2015. (Video by shippingtv.co.uk)
The Triple-E:
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What We’re Reading:
Welcome to the Obamanet (The Wall Street Journal)
“Bill Gurley: FOMO in the ‘Private IPO’ Market Is Fueling Valuations (Digits)
“Here’s how to stop looking at your phone every five seconds” (Quartz)
The Search for a Monetary-Policy Wizard and Political Moral Hazard (The Wall Street Journal)
A Financial System Still Dangerously Vulnerable to a Panic (The Wall Street Journal)
Inflation Makes for Confusion, Uncertainty in Markets (MoneyBeat)
10 reasons the housing market could go ballistic this spring (Fortune)
U.S. fourth-quarter GDP trimmed to 2.2% from 2.6% (MarketWatch)
America Is In Deflation. So What? (The Fiscal Times)