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Is the rally in Baltic Index a storm surge?

Posted on 11 February 2009

From WSJ: Storm-tossed investors are finding hope at sea. The Baltic Exchange’s Baltic Dry Index, which measures the cost of shipping raw materials and is widely considered a leading economic indicator, has bounced 174% from a 22-year low last December. The rebound is the latest hint of a slight easing of the global recession.

Shipping costs probably have seen their bottom for the cycle. But the Baltic Dry can send false economic signals, having done so at least twice in the past two years….. Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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