The Baltic Dry Index has been steadily declining over the past few months. So much so, that we are approaching the April level.
This concerns me. Just looking at the chart, you can see it is very volatile. The pricing is subject to sharp swings, but over the past few months it saw a steady decline.
This pretty much contradicts some of the bullish of the bullish commentators, as this is the purest evidence of economic activity. IMO, this adds credence to the theory that the current market rise is purely due to the dollar collapsing.
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