Baltic Dry Index Falls 5.1% To 2018
It just keeps going lower….if it continues for a just a couple days it will look as a rerun of a BDI performance as recession started. And we all know what happened than… Chart 1. Baltic Dry Index
Archive for July 7th, 2010
MBA Mortgage Applications Up 6.7%
MBA mortgage applications rose 6.7% for week ending July 7, the prior reading was a rise of 8.8%. The refinancing index gained 9.2% and is responsible for a composite rise. Purchasing index fell 2.0%. Chart 1. MBA Mortgage Applications
346 Tons Of Gold On BIS Balance Sheet
The big news point of the day is a newly discovered 346 tons of gold on Bank for International Settlements (BIS) balance sheet. The information can be found in a footnote in the BIS’s annual report. Page 163. Included in “Gold bars held at central banks” is SDR8,160.1 million (346 tonnes) (2009: nil) of gold, which theBank held in connection […]