Posted By thestatedtruth.com on June 24, 2014
The Baltic Dry Index just delivered its worst first half of a year performance ever…yes, we said EVER! This signals a slowing economy. Beware Wall Street, where we have record margin debt combined with incredible complacency…This is likely a perfect witches brew, setting up a variety of outlier events by year end 2014!
By definition: The Baltic Dry Index (BDI) is a number (in USD) issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides “an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.”
Sources: Wise Dog Research, Zerohedge