old steel
4th April 2014, 10:44 PM
Baltic Dry Drops 9th Day In A Row; Worst Q1 In Over 10 Years http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 04/04/2014 18:51 -0400
Baltic Dry (http://www.zerohedge.com/taxonomy_vtn/term/309)
inShare
For a few weeks there, as the Baltic Dry Index rose, talking-heads were ignominous in their praise of the shipping index as a leading indicator of an awesome future ahead for the world economy. The last 9 days have smashed that 'hope' to smithereens (and yet the talking-heads have gone awkwardly silent, having moved on to some other bias-confirming meme). The Baltic Dry is down 25% in the last 2 weeks, back near post-crisis lows, and has just suffered the worst start to a year in over a decade. But apart from that, seems global trade is all-good and about to take off any minute now...
The worst start to a year in over a decade...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY.png)
As Baltic Dry has fallen 9 days in a row, down 25%, and is back near post-crisis lows...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY1_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY1.png)
It seems the demand for shipping dry bulk is not strong...
http://www.zerohedge.com/news/2014-04-04/baltic-dry-drops-9th-day-row-worst-q1-over-10-years
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 04/04/2014 18:51 -0400
Baltic Dry (http://www.zerohedge.com/taxonomy_vtn/term/309)
inShare
For a few weeks there, as the Baltic Dry Index rose, talking-heads were ignominous in their praise of the shipping index as a leading indicator of an awesome future ahead for the world economy. The last 9 days have smashed that 'hope' to smithereens (and yet the talking-heads have gone awkwardly silent, having moved on to some other bias-confirming meme). The Baltic Dry is down 25% in the last 2 weeks, back near post-crisis lows, and has just suffered the worst start to a year in over a decade. But apart from that, seems global trade is all-good and about to take off any minute now...
The worst start to a year in over a decade...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY.png)
As Baltic Dry has fallen 9 days in a row, down 25%, and is back near post-crisis lows...
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY1_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/04/20140404BDIY1.png)
It seems the demand for shipping dry bulk is not strong...
http://www.zerohedge.com/news/2014-04-04/baltic-dry-drops-9th-day-row-worst-q1-over-10-years