A Key Economic Index Is in Freefall
Written by Gary North on January 26, 2012
The Baltic Dry Index sounds really dull. Usually, it is. Not now. This index measures freight rates for ships that transport commodities. When demand for commodities falls, less freight is shipped. But the same number of ships are competing for tonnage. So, rates fall. Demand for commodities falls as a prelude to a recession. A […]
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