A Neglected Chart Points to a Recession This Year

Written by Gary North on January 10, 2012

The Baltic Dry Index (BDI) shows freight rates in Europe. When it falls, bad things happen. Take a look at what has happened since last August. The prices were rising until November. Then they reversed. They have gone over a cliff. The BDI reveals that manufacturers are cutting back in preparation for a spreading recession. […]

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