The following are the main points from the latest John Faraclas live interview to Lilian Margaritis of SBC TV last Friday the 5th f July 2013; please log below, listen and comment:
Faraclas briefly explained why the improvement of the BDI by 200 points was short-lived and what is yet to come, given that on the summer season, May to September the shipping markets are always on a downward trend. The BDI on 1099 down 4 and 72 respectively from the day before and previous week proves once again that his prediction all along was correct.
The discussion continued on the state of the shipping markets where both NYSE and NASDAQ where on a plus mood, and all the major companies up, except Costamare and Excel were also on plus basis.
Other issues discussed where the visit of Nicholas Dendias, Greece’s minister of Public Order in London meeting Theresa May and other officials on immigration and similar matters stating that Greece will lot sign the Dublin II accord. The issue of illegal immigrants crossing over to Greece and then into Europe is a major matter and zero tolerance should be shown, Faraclas said.
The new Governor of the Bank of England first days and programme was also discussed, particularly the interest rates.
The above and other matters you can see on the video above and soon with subtitles in English; enjoy it!