Posted by smeddum on October 6, 2009
Is Baltic Dry a harbinger of doom?
Philip Coggan InvestmentAdviser
Monday , October 05, 2009
The pubs and coffee shops of Britain are probably not full of chat about the Baltic Dry index.
But it is worth a look all the same, as the index tracks the cost of moving raw materials by sea. It is thus a rough-and-ready guide to global trade activity, although of course it is also affected by shipping capacity. Read the rest of this entry »
Posted in Financial crisis | Tagged: Baltic Dry Index, shipping crisis | Leave a Comment »
Posted by smeddum on September 24, 2009
Baltic Dry is signalling new pullback in the stock market
Tuesday, 22nd September 2009
Traders should be watching this leading measure of shipping rates for clues of how indices will move
Jessica Mead
GLOBAL trade volumes have dried up since the start of the financial crisis as Western demand for East Asian goods languished, depressing shipping activity as measured by the Baltic Dry Index. Read the rest of this entry »
Posted in Financial crisis | Tagged: Baltic Dry Index, shipping crisis, stock market crash 2009 | Leave a Comment »
Posted by smeddum on September 1, 2009
September 1, 2009
Leo Lewis, Asia Business Correspondent
Times
Share prices in Shanghai slumped by 7 per cent yesterday amid fears that the “China effect”, which has helped to stoke growing global economic confidence in the past six months, is about to fizzle out. Read the rest of this entry »
Posted in Financial crisis | Tagged: Baltic Dry Index | Leave a Comment »
Posted by smeddum on June 12, 2009
By Associate Editor David Stevenson Jun 12, 2009
Have you been watching the Baltic Dry Index lately?
It may sound a bit dull. But it’s a key barometer of global freight activity – in other words, it measures the cost of ferrying raw materials around the planet.
The message it’s starting to send is very clear: shipping rates and commodity prices are set to tumble. And that means the share prices of many cyclical stocks – which have led the recent rally – will be heading south, too… Read the rest of this entry »
Posted in Financial crisis | Tagged: Baltic Dry Index, shipping crisis | 1 Comment »
In These New Times 