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24/2/2017: Baltic Dry Index is Still in a Disaster Territory

Friday, February 24, 2017 20:10
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(Before It's News)

trueeconomics.blogspot.com / Constantin Gurdgiev / Friday, February 24, 2017

All of the discussions about the Baltic Dry Index – a proxy for global trade flows – in recent weeks was centred on the alleged recovery in the index valuations from the historical lows of 1Q 2016. Much of this recovery was predicated on the cost of fuel that went to inflate the cost of shipping, rather than the genuine uptick in global trade.

In fact, as the most recent data suggests, uptick in global trade volumes is nowhere to be seen:



Source: http://silveristhenew.com/2017/02/24/2422017-baltic-dry-index-is-still-in-a-disaster-territory/

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