Saturday, February 7, 2015

Historic Baltic Dry

It was thirty days around the horn
The captain says its thirty five more
The moon looks mean, the crews ain't staying
There's gonna be some blood
Is what they're all saying
--Jay Ferguson

ZeroHedge reports historic lows in Baltic Dry Index. The BDI is an index of ocean shipping rates.


It is now below the 2008/9 lows and a kitten's whisker away from its all time 1986 lows.

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