The Slope Of Hope: Quote of the Year

Macro Man: TMM announce the late running of The End of The World

FT Alphaville: Central banks fire the second barrel of QE

FT Alphaville: Fines all round?

FT Alphaville: A sub-optimal solution to the Euromess

The Big Picture: Monday morning quarterback

The Big Picture: How to Pay For Financial Advice

The Big Picture: The Myth Of Cash On The Sidelines – An Update

FT BeyondBRICs: Indian IP: the slowdown cometh

The New York Times: In Euro Era, Opening Bell Is a 2:30 A.M. Alarm

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Baltic dry index rose 3.0% last week; Capesize Index was up 8.4%; Panamax Index rose 0.7%; Supramax Index was down 7.9%; Handysize Index fell 3.4%.

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Baltic Dirty Tanker Index rose 8.1%; Baltic Clean Tanker Index rose 2.1%.

Order-book is shrinking fast with high delivery count and abundant cancellations looming. We are probably looking at couple catastrophic years for the industry ahead.

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