Tuesday , 23 April 2024

Tag Archives: Baltic Dry Index

Abandon Ship! Baltic Dry Index on the Rocks of a European Recession

There has been an alarming development for the obscure, yet instructive Baltic Dry Index...[which] tracks the cost of shipping major raw materials (iron ore, coal, grain, cement, copper, sand and gravel, fertilizer and even plastic granules)...It is down 48.4% in the last month...[and] down 54.4% in the last three months. [Let me explain why and how to invest accordingly.] Words: 200

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Latest Baltic Dry Index: NO Global Recession Coming

The Baltic Dry Index is often cited by economists as a bellwether of global economic activity. The index, which measures the price of transporting raw materials by sea, has now risen by more than 21% from its recent lows and is also up 16% in the last week alone ...calling into question the advent of a global recession. [Let us explain.] Words: 292

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