Solarbird (solarbird) wrote,

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Should've checked these:

The Baltic Dry Index has fallen to crash-of-08 levels. There's a little bit of a pick-back-up in the last couple of weeks, but that's a big decline. That's not hugely reliable because it's affected by ship supplies as well as cargo to be shipped - but even so, that's a pretty big decline. Either way, you want to see it matched by rail car loading declines, which lag a bit for obvious reasons...

...and in this case, the correlation is hazy at best. The numbers do not look awesome, but I can't honestly say it's out of cycle yet. Keep an eye on this.
Tags: economics
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