Surprise! Baltic Dry Index Plunges Most Since November As Commodity Bubble Bursts

by Tyler Durden
ZeroHedge.com
05/05/2016

>Who could have seen this coming? Remember a week ago when TV entertainers crowed about the surge in The Baltic Dry Freight Index was a “clear signal” that ‘China is back’ baby and that escape velocity growth was just around the corner as global growth was destined to pick up… Well, just as we warned very explicitly, the ramp in the index merely reflected the frenzied speculation in industrial metals by the Chinese and as authorities have cracked down on that idiocy, so the Baltic Dry has plunged by the most since November… as real demand punches back.

The Rest…HERE

This entry was posted on Thursday, May 5th, 2016 at 11:55 am and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.