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07-18-2010, 08:26 PM
FT.com / Lex / Macroeconomics & markets - The Baltic Dry is all wet (http://abnormalreturns.com/links/171590/visit) (www.ft.com)
by TheLexColumn about 6 hours ago
Any financial analyst worth his or her salt will conduct a “sanity check” when presented with a number that seems like an outlier. That is certainly warranted after a rapid decline in the Baltic Dry index from above 4,000 to about 1,700 in two months. The BDI measures prices for carrying dry bulk such as industrial commodities by sea and has been widely used as an unofficial economic barometer. If it is to be believed, a double-dip recession must surely be upon us after an epic string of consecutive declines that now matches the longest such spell since the 2001 recession.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/19/2010#171590)
by TheLexColumn about 6 hours ago
Any financial analyst worth his or her salt will conduct a “sanity check” when presented with a number that seems like an outlier. That is certainly warranted after a rapid decline in the Baltic Dry index from above 4,000 to about 1,700 in two months. The BDI measures prices for carrying dry bulk such as industrial commodities by sea and has been widely used as an unofficial economic barometer. If it is to be believed, a double-dip recession must surely be upon us after an epic string of consecutive declines that now matches the longest such spell since the 2001 recession.
see story at Abnormal Returns site...(RSS feed) (http://abnormalreturns.com/links/index?date=07/19/2010#171590)