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Baltic Dry Drops Another 4%, Below 2000, Longest Decline On Record Enters 31st D
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Topic: Baltic Dry Drops Another 4%, Below 2000, Longest Decline On Record Enters 31st D (Read 227 times)
stangrof
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Baltic Dry Drops Another 4%, Below 2000, Longest Decline On Record Enters 31st D
«
on:
July 08, 2010, 07:20:02 AM »
he Baltic Dry, which contrary to what some may claim, actually is one of the best leading indicators on global trade and thus the health of the economy, continues to plunge, and is now below 2000, hitting fresh 14 month lows, at 1940. It is now at the levels last seen during the March 2009 "generational" low, and just after the Lehman bankruptcy. Yet futures are up as initial claims beat expectations by 6,000 very statistically relevant people.
chart here:
http://www.zerohedge.com/article/baltic-dry-drops-another-4-below-2000-longest-decline-record-enters-31st-day
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Most people are other people. Their thoughts are someone elses opinions, their lives a mimicry, their passions a quotation.
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