The baltic dry index is a measure of future shipping world wide and therefor a measure of future economic activity. It bottomed in the summer this year. Since then it has been going up.
Typically the country goes into recession after the fed starts lowering interest rates—because they see the recession coming and try to get ahead of it.
So we may be going into a recession—if we’re not already in one. What the baltic dry index shows is that on the other side of the recession is a sharp rebound.
For the past 2 years, I’ve told people that we’re already in a recession, but a depression — not on the 1929 scale — is coming, and... it may get close to 1929, now that I review the numbers and peoples’ financial exposure.