Baltic Dry Index all time low!

[LiteCoinGuy]

The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea.
Around 90% of world trade is carried by the international shipping industry.



Today we hit 293. All time low.

[iFixBTCmemoryIssues]

The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea.
Around 90% of world trade is carried by the international shipping industry.



Today we hit 293. All time low.

Right around the 2007 - 2008 "recession", it peaked. Crazy stats???????

[bitkilo]

Looks about right to me for raw materials.
Going by the chart things have been quite stable for 20 yeaes then a peak for just 6 years.

Considering its sea freight i am surprised to see it drop this low, ships have gotten a lot bigger in the last 20 years.

This could also just point to less being decleared.

[LiteCoinGuy]

A 'canary down the coal mine' that predicted the 2008 crisis is signalling another crash

http://www.businessinsider.de/baltic-dr ... ?r=UK&IR=T

[Acidyo]

The next great depression is upon us...

or you know, not us but every fiat person.

[BitcoinNewsMagazine]

A 'canary down the coal mine' that predicted the 2008 crisis is signalling another crash

http://www.businessinsider.de/baltic-dr ... ?r=UK&IR=T

Thanks for the link. Added Business Insider to the sites I scan daily for breaking news. Got any other gems you want to share?