Newsroom Blog
ECONOMIC indicators can come in the most unlikely of places. In between detailed statistical examinations of stock market oscillations, even the most serious-minded players will pay attention to their own particular valued clues.
From the racks of dry cleaners cluttered thanks to people waiting that extra week before shelling out, to dating statistics and even cinema box-office figures pointing to a nation’s collective loneliness and desire for cheaper treats, the state of the economy can be gauged to some extent from pretty much anything if you drill down far enough into the psychological motivation behind the pattern.
For shipping, however, there has always been one key signal that is valued by the entire market and monitored more closely than any other — what are the Greek’s up to?
It is no surprise then that the broking community has lit up recently with speculation about some interesting Greek activity.
The fact that private Greek money is buying vessels could indicate that key Greek owners have started seeing the light at the end of the tunnel. Possibly.
While the brokers certainly seem to think there could be enough momentum generated by the perception of a Greek re-emergence into the market place, it should also be noted that their bullish tone is very deliberately being preceded with words like tentative.
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