Remember several years ago we used to watch the Baltic Dry Index for economic activity trends? Well this sharpie still is, and may be onto something unpleasant here.
Published : January 27th, 2012
No need to say anymore. The Index coupled with today’s lower than expected GDP numbers tell us that the economy is collapsing right in front of our eyes, something not lost on me when the Federal Reserve decided to keep rates at historically low levels through the year 2014. They know what’s coming.
Source: 24hrGold
For additional commentary on the BDI go here