Get ready for it: Another economic collapse is coming.

[sendero]

27. TO belabor a point..

... the BDI is only one of several indicators/situations ringing a loud alarm bell.

The economy has never actually began a serious recovery from the 2008 crash, and all factors are arrayed against it doing so now.

Are we headed for a major crash/depression? I don't have a crystal ball but I would say that everything has to go just right for many years to avoid one, and the likelihood of that happening is very low.

Even if we do manage to avoid an all out crash, the Fed's continued debasement of the currency will have consequences, those being primarily huge increases in the price of oil and food.

When the Fed comes out and says "I'm keeping interest rates at ZERO until at least 2014", well, if that doesn't scare you I don't know what would.

The recent "gains" in employment are phantom (created by the BLS playing with their models) and even if they weren't they are not anywhere even in the ballpark of the numbers needed to pull us out of this. In fact, all of the numbers (inflation, employment, you name it) are complete bullshit at this point, they were mostly bullshit long ago. So, IMHO, the whole game is to try to trick you into believing that we are "recovering" (heard that word a few times in the last 4 years?) when in fact nothing of the sort is happening and the mechanisms that usually pull us out of a recession are simply not in play, mostly because we've shipped our jobs overseas.