Post by Sir John on May 18, 2013 14:37:31 GMT -5
en.wikipedia.org/wiki/Baltic_Dry_Index
A good indicator of the cost of shipping goods around the world by ship.
After a bit of a recovery after the GFC boom and slump, it is showing a trend downwards. Not a lot to send it back up at the moment, and world trade is slowing down. And too many empty ships are lying idle.
Also, industrial nations use of electricity and copper, another two good indicators, are well down, especially in China!
Her use of these two does not gel with an 8% GDP growth. Someone is telling fibs.
SJ
A good indicator of the cost of shipping goods around the world by ship.
After a bit of a recovery after the GFC boom and slump, it is showing a trend downwards. Not a lot to send it back up at the moment, and world trade is slowing down. And too many empty ships are lying idle.
Also, industrial nations use of electricity and copper, another two good indicators, are well down, especially in China!
Her use of these two does not gel with an 8% GDP growth. Someone is telling fibs.
SJ