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| Zero Hedge: The Baltic and Ships - Meaning to You? |
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The Baltic Dry Index may not mean much to people but it's an economic indicator - free of the politically influenced indicator from either the European Central Bank or the Federal Reserve - that talks about shipping Dry goods and commodities around the world.
In recent weeks, the Baltic Index has fallen off a cliff, plummeting from almost 2,200 in mid October to just about 641 on February 6th, 2012. This is usually taken as a sign of decreased economic activity.
ZeroHedge.com notes that shippers are now paying people - going negative - to keep their ships active.
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