From Alt-Market.com:

Much has been said about the Baltic Dry Index (BDI) over the course of the last four years, especially in light of the credit crisis and the effects it has had on the frequency of global shipping.

Importing and exporting has never been quite the same since 2008, and this change is made most obvious through one of the few statistical measures left in the world that is not subject to direct manipulation by international corporate interests; the BDI.

Today, the BDI is on the verge of making headlines once again, being that it is plummeting like a wingless 747 into the swampy mire of what I believe will soon be historical lows.

The problem with the BDI is that it is little understood and often dismissed by less thoughtful economic analysts as a "volatile index" that is too "sensitive" to be used as a realistic indicator of future trends. What these analysts consistently seem to ignore is that...

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