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Baltic Dry Index: not much of a post-Fed bounce

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

With the optimism of Christmas week forecast (traditionally keen on stressing the upside to the global economic conditions), let’s not forget the Baltic Dry Index:

Liquidity moves markets!

Follow the money. Find the profits! 

As the chart above shows, global trade ain’t doing too well in this *finally repaired* and *full employment-bound* world economy. In fact, the index has been ploughing the depths that put to shame even the abysmal December 2008 crisis lows. Not surprisingly, the post-Fed bounce was pretty much a fizzle…


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