The Baltic Dry Index is often looked at as a leading indicator of the global economy as higher shipping rates indicate stronger demand for shipping and healthier global trade. Year to date, the index is up 234% and is now at its highest level in more than three years. This would indicate that the global economy is picking up steam.
So say edited excerpts from the introduction to an article entitled Baltic Dry Index Surges to Three Year High posted by the team at bespokeinvest.com.
[The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here). The excerpts may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
The article goes on to say in further edited excerpts to ensure you a fast and easy read:
The chart below shows historical readings in the Baltic Dry Index going back to 2007. While the index is still well off its highs from 2007 and 2008, 2013 has been a great year for shipping rates.
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*http://www.bespokeinvest.com/thinkbig/2013/12/12/baltic-dry-index-surges-to-three-year-high.html (This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.)
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