Notice: The Baltic Dry Index (BDI) is on it’s way back down to a slow’slump…and has been since mid-November.
By Daniel at 28 December, 2009, 11:53 am
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It’s one of the best indicators of the global and our own “commerce”…being the shipping rates for everything from coal to cooper to lima beans and so on…i.e. raw materials (the “dry”) to make everything from electricity to i.Phones to you name it.
The BDI is one of those nice report/indicators that politicians or Wall Street don’t get to tamper with or manipulate.
My feeling…all the Christmas goodies have gone from raw material to households and naturally are now going to find their way to either to your local Goodwill Store or landfill…and if the BDI continues on down (which it no doubt will)…then we’re just headed right back to where we were before all of the seasonal hoop’la got started.
http://investmenttools.com/futures/bdi_baltic_dry_index.htm#bdi_sp
- mainersteve
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