by Adrian Vance
The elected class likes smart people from academia in “brain trusts” to tell them what to do in language they do not understand, but believe. If your success is built on perception instead of reality you will be prone to such folly.
Meanwhile, there are people who may not have the training, lisps, or arrogance of Harvard elites, but they make very good livings predicting trends in markets. These are the street smart guys and gals on the floors and pits of equities and commodities exchanges. Some don’t have degrees, many have ethnic names and accents, but as long as they could sit at a table they got a nightly seminar on the markets and their indicators. It rang in their genes.
One of the more esoteric, yet fundamental, indicators is the BDI, the Baltic Dry Index. This measures bookings for 26 major shipping channels handling world commerce in raw materials, grains, ores, steel, iron, cement; manufacturing components. While we do little production in the US it has to happen somewhere or finished goods will not be. The index is not traded and cannot be manipulated by speculators. It is as pure an indicator of world commerce as can be found.Since June 2008 when it appeared Democrats would win, the BDI went into decline. The Democrat marching song, “The worst economy in 50 years,” while a lie, was heard. By the day of the election the BDI had dropped 94% and there it remains.
This index predicts bare shelves in virtually every store and runaway prices within six months. The irony is that Mormons are prepared for severe food shortages and our voters rejected the one man running for President who understands the markets because he is a Mormon. The tree of hate bears bitter fruit, but we will be eating it in desperation.
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