The Baltic Dry Index Hits Multi Year Lows
About a week ago at Wolf on Wall Street I featured a chart of the Baltic Dry Index which tracks the worldwide price of dry shipping cargo. The Index can be quite volatile, but the trend of the index is telling.
The BDI tells us what demand is for the shipping dry goods (meaning it excludes Oil, Natural Gas, etc) across the world. When prices are low, there is plenty of capacity and it tells us
