. Here is the definition of the Baltic Dry Index according to Wikipedia: The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes. The index provides "an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a time-charter and voyage basis, the index covers Handymax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain." How can the stock markets inflate around the world without the Baltic Dry Index rising? In June, the Baltic dry Index was trading around 4250.00. Yesterday, the Baltic Dry Index traded as low as 1480.00. Something is wrong with this picture, however, the stock markets continue to inflate. Enjoy the rally it while it lasts. It won't last forever.
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