<<Peter Kenny, 05/27/2015
From an historical perspective, shipping has often been considered one of the most accurate means of measuring present day and future global trade. The most commonly used measure of seaborne (non-liquid) international trade is the Baltic Dry index. What it telling us is sobering.
Over the past 12-month period, the Baltic Dry (BDI) is off nearly 40%. From the yearly high to yesterday’s close, the drop off in trade, as measured by the BDI, is even more dramatic. On November 11 of 2014 the BDI closed at 1464.00. Yesterday the BDI closed at 587. The drop has been 59.9%.>>
Anybody else think this predicts the Mr Market is looking pretty optimistic these days...?
http://peterckenny.tumblr.com/post/120075064169/the-baltic-dry-index-and-what-it-is-telling-us-is