Global Macro Perspectives
*** FT Alphaville: Kicking the Greek debt can further down the road ***
*** FT Alphaville: A (hard) Greek restructuring by the numbers ***
*** FT Alphaville: The underlying trend in UK house prices ***
*** Calculated Risk: Employment: A comment on the Birth/Death Model ***
*** Zero Hedge: Silverfinger – The True Story Of Nelson Bunker Hunt ***
*** The Aleph Blog: Why Amateurs Should Invest in Common Stocks ***
Baltic dry index rose 5.6% last week; Capesize Index was up 0.1%; Panamax Index rose 22.0%; Supramax Index was down 0.3%; Handysize Index fell 0.6%.
Commodities stockpiles were not released, but judging by the price action I suspect no major changes.
Baltic Dirty Tanker Index fell 4.0%; Baltic Clean Tanker Index fell 2.9%.
Oversupply of vessels is so high that at even increased supply of cargoes rates are sinking.
Number of crude oil drilling rigs in the U.S. rose for 48 in April ; Number of natural gas drilling rigs rose for 13.
On world scale number of oil & gas drilling rigs fell for 341 in April. This is because of a seasonal fall of drilling activity in Canada.