I have some questions about on the Baltic Dry Index (a rough guide to the price of moving dry goods by sea – more detail available here):
Research Economist at the Bank of England
I have some questions about on the Baltic Dry Index (a rough guide to the price of moving dry goods by sea – more detail available here):
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I wonder if there’s a way to test this hypothesis that the letter of credit market is causing the BDI to tank. Or to separate the impact of the l/c market from more conventional belt tightening by businesses. Perhaps air / train / truck freight volumes?
Must admit I wasn’t aware of it until naked capitalism started showing graphs of it.