Email of the day (7)
on the Baltic Dry Index:
"I notice that the Baltic Dry index has lost some 35% against its most recent high and is not far off its midsummer low.
"Do you think this may point to a forthcoming drop in industrial commodity prices (as in the summer)? Might it indicate that policy tightening in China and India is taking effect in those economies? Is it a useful indicator at all?"
Eoin Treacy's view Thank you for this question. You may be interested in the answer to a similar query posted on July 8th.
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