The Baltic Dry Index has collapsed by 40% over the last 10 weeks
Posted on February 4, 2010
Filed Under Economy |
The Baltic Dry Index has collapsed by 40% over the last 10 weeks. This is an index showing international shipments by sea. A second index showing US rail transports is also dropping. Both of these indexes are good leading indicators of economic activity.
“The Baltic Dry Index as well as US Railroad Freight demand is weakening, possibly signaling round two of market and economic weakness ahead.” www.beforeitsnews.com
“The nation’s railroad operators expect a tepid recovery for the U.S. economy in 2010, as both businesses and consumers continue to wrestle with the effects of the recession.
“The severe economic slump cut shipping demand for the railroads because American consumers and industries have been buying fewer of the cars, chemicals, crops, lumber and containers of imported goods the railroads carry.” www.finance.yahoo.com
Clayton
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