WTF Chart Of The Day: Baltic Dry Index Crashes To Lowest In 29 Years
Quietly behind the scenes - and not at all reflective of a collapsing global economy (because that would break the narrative of over-supply and pent-up demand) - The Baltic Dry Index plunged over 5% today to 632... That is the lowest absolute level for the global shipping rates indicator since August 1986...
"Transitory"
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Wow. Good chart. Good find. Good post. Thanks.
Shipping is cheap.