Reply #16: But I thought those ships were parked... [View All]

...because they were empty and not running--due to decreased demand for nearly everything--because of the
horrendous economy. Certainly, what was happening with the economy in 2009--when these ships were parked--would
indicate that demand for everything had fallen.

So, how could traders drive prices up--during a time when demand for everything was falling and consumers
were not spending?

The situation is similar now. Nadin seems to have found these ships parked again (and I find that incredibly
amazing!). They're not parked there now because someone is trying to drive prices up. There is decreased
demand and you can't have rising prices while demand is falling off the chart---that flies in the face of
basic supply and demand laws. And that's what the BDI indicates now--as well. The current BDI index is low because
the current demand for raw materials is plummeting.

It seems...the ships are parked and dormant because demand isn't there---not because someone is hoarding commodities
and trying to drive prices up of raw materials. Right now, that doesn't seem to fit--because the economy
is tanking and demand is low.