The Baltic Dry Index is used to track the globalization trade, as it measures the supply and demand for the shipment of goods around the world based on transport costs. The Baltic Dry Index has had some big ups and downs this year, going on multiple winning and losing streaks. This year alone, the index has had a 17-day winning streak, a 21-day losing streak, and it's currently on another 9-day winning streak. The trend in 2009 has been upward, however, as the index is up 145%. And it's still important to remember that we're working off a very low base after the globalization bubble burst last year. The index is still off 84% from its highs in May of 2008.
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