Submitted by Tyler Durden on 01/26/2012 - 08:54 Baltic Dry
Whether it is an over-abundance of ships (mis-allocation of capital) or a slowing global growth story (aggregate demand), the crash in the Baltic Dry Index has been significant to say the least. Seasonals are prevalent (and Chinese New Year impacts) but to try and clean up that perspective, we find that so far this year the Baltic Dry has fallen 42% more than its seasonal normal and is down by more than 50% since 12/30/11. Nothing to see here move along.
Comments: 95
Reads: 4,611
http://www.zerohedge.com/news/baltic-dry-plunges-42-more-seasonal-norm-start-year

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.