Baltic Dry Index Almost Back to Record Highs
May 11, 2008
Hickey and Walters (Bespoke) submit:
The Baltic Dry Index is up 82% since bottoming in late January,
which might be a sign that the global economic environment is not
faring as poorly as many think. The index was cut in half from its
October peak to its January bottom, but it quickly reversed and is now
approaching record highs again.
The Baltic Dry Index measures changes in the cost to transport raw materials by sea, and as noted on Investopedia, it
Baltic Dry Index Almost Back to Record Highs
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