BALTIC DRY INDEX

http://slate.msn.com/id/2090312 Up to 2003, SPIKED late. SHIPPING INDEX

http://www.ship.gr/dry/ WHat it comprises, shows weakness when BUBBLE BURST.


http://www.businesscycle.com/showstory.php?storyID=526 MORE

http://www.naftemporiki.gr/markets/quotegraph.asp?id=.BADI&ctime=3M&cperiodicity=D&cstyle=L SHOWS a FALTERING near end of 2004 into 2005.

COuld be why we had non confirm in TRansports and Dow, but there has been a slowing of world economy.

Here in the US, we see only the curtain, not the man behind it.

ALL US DATA is manipulated.

From DR Richebacher from 2002

What was behind the paltry upturn, amounting to an annualized $5.2 billion? The main item was government spending, in particular at the state and local level. It soared by $36.1 billion and contributed 1.59 percentage points to real GDP growth. The other main contributor was business spending on computers. As price declines of IT equipment accelerated, the hedonic deflator worked another wonder. Measured in current dollars, spending on computers increased a paltry $1.9 billion. But hedonic treatment turned this trivial amount into a capital-spending boost of $23.5 billion. Had it not been for government spending and the hedonic deflator, U.S. real GDP growth would have been down in the fourth quarter at an annual rate of more than $50 billion, or more than 2% - far worse than expected.

And we are the ONLY country to use Hedonic pricing, to attract buyers ofour debt, we must put the best face on.

Duratek