Fri 12 Sep 2008
As a heads up, and as if we needed more reasons to be bearish… the Baltic Dry Index (BDI) is breaking down to new lows for the year…
The BDI is a good indicator to follow as a barometer of economic health, so seeing it drop is generally not a good sign. If you like Mish’s blog, you can read more about it with his analysis of the situation.