WTF Chart Of The Day: Baltic Dry Index Crashes To Lowest In 29 Years

WTF Chart Of The Day: Baltic Dry Index Crashes To Lowest In 29 Years (ZeroHedge, Jan 29, 2015):

Quietly behind the scenes – and not at all reflective of a collapsing global economy (because that would break the narrative of over-supply and pent-up demand) – The Baltic Dry Index plunged over 5% today to 632… That is the lowest absolute level for the global shipping rates indicator since August 1986

Baltic Dry Index_BDIY

“Transitory”

1 thought on “WTF Chart Of The Day: Baltic Dry Index Crashes To Lowest In 29 Years

  1. Well, first is the lower price of oil and gas, making transportation around the world much less expensive than a year ago.
    Next, less people are buying, more are waiting for prices to drop even more…the depression mentality is upon us.
    A train wreck? I don’t know about that, I think prices are going down because of all the other factors in the world economy…….perhaps independent traders have a chance. I sure hope so, they provide real jobs.

Leave a Comment