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News Link • Economy - International

31st Sequential Decline In BDIY, Prepares To Breach 1,900

The Baltic Dry Shipping Index has now fallen for 31 consecutive days as the world economy slows.

1 Comments in Response to

Comment by Doug Nusbaum
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OK, the BDI is a measure of the cost of shipping.  More ships means less cost.  Now lets say that you, foolish you, started building a ship way back in the good ol days of 2008 or earlier.  A ship does not get done in a week or a month.  Maybe not for a few years.  When the economy starts go go into the tank, the builder has a difficult choice.  My guess is that a lot of them decided to finish and hope for the best.  So now we have a lot of extra ships.  That means lower prices.  It does not necessarily  mean that the sky is falling. 

And for what it is worth.  My money is on Buffett.  Few people have money betting against him.


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