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...
Food prices seem to be falling. I have stopped buying anything else so I can't tell you what is happening elsewhere!
ReplyDeleteOh no - the Baltic Dry index!!!
ReplyDeleteNah ! Talking shit, CU.
ReplyDeleteYou're forgetting the popcorn index
http://www.thisismoney.co.uk/news/article.html?in_article_id=489414&in_page_id=2
This is definately less demand for shipping as opposed to an increase in supply is it?
ReplyDeleteI 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).
ReplyDeleteAs much as I'm flattered you thinkI may be correct, I wasn't expressing an opinion Budgie, I was asking a question.
ReplyDeletemore ships have certainly played a role in recent times
ReplyDeleteit woz me wot said it - in the comments here
it's August. Most sensible people are on holiday. If it falls in September though... that would be bad.
ReplyDeletenice to see you again SW - good point.
ReplyDelete