Post by Joe Cocker on Dec 12, 2012 10:18:36 GMT -5
Baltic Dry Plunges By Over 8% Overnight, Most Since 2008
Baltic Dry Plunges By Over 8% Overnight, Most Since 2008 ...
www.zerohedge.com/.../baltic-dry-plunges-over-8-overnight
1 hour ago – It has been a while since we looked at the Baltic Dry Index, which when normalizing for the excess glut in dry container ship supply (such as after all the excess supply in the industry - has long been normalized), continues to be one of the best concurrent indicators of global shipping and trade. We look at it today, moments ago it just posted an epic 8.2% plunge, crashing from 900 to 826, or the biggest drop since 2008!
Baltic Dry Plunges By Over 8% Overnight, Most Since 2008 ...
www.zerohedge.com/.../baltic-dry-plunges-over-8-overnight
1 hour ago – It has been a while since we looked at the Baltic Dry Index, which when normalizing for the excess glut in dry container ship supply (such as after all the excess supply in the industry - has long been normalized), continues to be one of the best concurrent indicators of global shipping and trade. We look at it today, moments ago it just posted an epic 8.2% plunge, crashing from 900 to 826, or the biggest drop since 2008!