Posted on 07/22/2015 11:32:32 AM PDT by blam
July 21 2015
Clark Schultz, SA News Editor
The Baltic Dry Index rose 4.3% to 1,113 with gains registering for capesize, panamax, and supramax rates. The BDI has doubled since February when a weak market prompted some companies to scrap ships. Shipping rates are still well-below the level from late 2013 to late 2014.
(snip)
(Excerpt) Read more at seekingalpha.com ...
Leading indicator, yes?
What is it?
Happys Days or depression
Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
"...In other words, if global demand for heavy industrial machinery, as opposed to unemployed millennials' demands for $0.99 Apple apps, is any indication of the true underlying economy, forget recession: the world is now in a second great depression which is getting worse by the month."
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