Article

2016-04-09 Economy

Demand surge propels Baltic index to four month high

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Posted by badanov 2016-04-09 07:59|| || Front Page|| [11127 views ] Top

#1 I think you may have explained it once, but I've slept since then. How are the ups and downs of this index related to world affairs, again?

Posted by Bobby 2016-04-09 09:08|| 2016-04-09 09:08|| Front Page Top

#2 In simple terms, it is a global index of shipping fees and charges, ergo a fairly reliable indicator of economic activity and demand. Perhaps more important, there is no secondary market for the Baltic Dry. That means there are no futures or options mkts so distortion is minimized and there is no micro tail wagging the global dog, it says what it says.

Posted by Cesare 2016-04-09 10:23|| 2016-04-09 10:23|| Front Page Top

#3 It means global, so your country can be in trouble and the world getting better.

Posted by Tarzan Slailet2796 2016-04-09 10:28|| 2016-04-09 10:28|| Front Page Top

#4 It means, with no more increase in GDP, people are buying more shipped products.

Posted by Skidmark 2016-04-09 10:46|| 2016-04-09 10:46|| Front Page Top

#5 What Cesare said.

I would only add that this index has been crashing since 2008, from a high of 11,750 (aprox.) to 288 in February, 2016.

The recovery now being shown in the index indicates that base economic activity ( people building/making stuff for sale) is improving/increasing. But as far down as the index has gone, it can only go up.

Posted by badanov 2016-04-09 11:39|| http://www.chriscovert.net 2016-04-09 11:39|| Front Page Top

#6 The recovery now being shown in the index indicates that base economic activity..... ( people building/making stuff for sale)

That really is the key, "people building/making stuff for sale," and it's not limited to the Baltic Exchange, but everyone here already knows that.

Posted by Besoeker 2016-04-09 11:56|| 2016-04-09 11:56|| Front Page Top

#7 Poss due to shipping B52 loggie parts train.

Posted by Skidmark 2016-04-09 23:08|| 2016-04-09 23:08|| Front Page Top

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