Saturday, January 16, 2016

Heard of the Baltic Dry Index? Analysts warn 70% crash of key world trade barometer to record low shows global economy is grinding to a halt

A key barometer of world trade has crashed to a record low in a worrying sign the global economy is grinding to a halt. --The so-called Baltic Dry Index, which measures the cost of shipping raw materials such as coal, iron ore and grain, has fallen nearly 70 per cent since August to its lowest level since its introduction in 1985.

Read more at the UK Daily Mail
(Hat tip: KimR)


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