These 4 Charts Signal Impending Economic Collapse
by C Serpa
GramsGold.com
2/13/2015
The Baltic Dry Index, “which tracks dry-bulk shipping rates for four types of vessels on 23 ocean routes, has tumbled more than 60% in the past three months,” states Barron’s.
The index continued to crumble this week to lows never seen, with the Baltic Dry Index (BDI) at 530, its lowest level ever. Well below the all-time low of 554 points on August 6, 1986.
Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, such as concrete, electricity, steel, and food; the index is also seen as an efficient economic indicator of future economic growth and production.
The BDI is termed a leading economic indicator because it predicts future economic activity.
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