Sunday, 9 August 2009

Baltic Dry Index falls

I know, how unexciting does this sound, but this is the global cost of shipping and accurately reflects trade activity.

When it falls, it means that global trade is slowing and commodity prices will start to fall.

Looks like the September/October 09 crunch just got more likely...

9 comments:

Blue Eyes said...

Food prices seem to be falling. I have stopped buying anything else so I can't tell you what is happening elsewhere!

James Higham said...

Oh no - the Baltic Dry index!!!

electro-kevin said...

Nah ! Talking shit, CU.

You're forgetting the popcorn index

http://www.thisismoney.co.uk/news/article.html?in_article_id=489414&in_page_id=2

Steven_L said...

This is definately less demand for shipping as opposed to an increase in supply is it?

Budgie said...

I know I am sad, but I think the Baltic Dry Index is exciting. Steven L may be correct because I recall reading that a number of new ships had just come on the market, increasing the supply (it may have been Ambrose Evans-Pritchard who said it).

Steven_L said...

As much as I'm flattered you thinkI may be correct, I wasn't expressing an opinion Budgie, I was asking a question.

Nick Drew said...

more ships have certainly played a role in recent times

it woz me wot said it - in the comments here

Sebastian Weetabix said...

it's August. Most sensible people are on holiday. If it falls in September though... that would be bad.

CityUnslicker said...

nice to see you again SW - good point.