Trump in It to Win It His Own Way
Scaremongers
Don't Let America's Biggest Money Managers Play Politics with Your Pension
As Election Approaches, Policy and Party as Important as Personalities
There Is No 'International Law'
Stop the Migrant Invasion
Injustice for All: The Reliance on Cohen’s Testimony Reveals a Desperate Prosecution
Biden Decries a 'Failed Approach to Marijuana' but Sticks With It
Why Is the White House Hiding the Nationalities of Terror Suspects at the...
House Republicans Build Momentum for Election Integrity
The Left Won't Know What Hit Them
Biden Fails to Fire FDIC Chairman for Ten Year History of Overseeing Abuse
More Immigration, More Inflation, More Bankruptcies
Here's When Merrick Garland Will Testify Before the House Judiciary Committee
'Race Is Still Open,' Top Pollster Says
OPINION

Dry Bulk-Dry Hole

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement

A little more than ten years ago, there was talk of the Baltic Dry Bulk Index (BDI) becoming the de facto measuring rod for the global economy. It made sense and for a while, it appeared to be the perfect tool. Then the industry went on a spending spree, ordering newer and larger vessels, but ignored business cycles, and eventually faced dire economic circumstances. On Friday, the index closed at an all-time low.

Advertisement

So, while it’s no longer a perfect tool, there is a correlation between the transfer of goods and a demand for those goods. On that note, I saw a glimmer of hope with the largest of ships, which bucked the trend with a strong finish into the second half of the week.

Capsize ships have payloads of 100,000 tons or more.

Jan 22

Jan 21

Jan 20

Jan 19

Jan 18

Capsize

+23

+20

+1

-12

-1

Panamax

-12

-14

-9

-6

-6

Supramax

-8

-6

-9

-7

-6

Handysize

-4

-1

-2

-3

-2

Baltic Dry

-1

+1

-19

-28

-15

With legitimate questions about the global economy and even the United States slipping into a recession, we have to look at all of the data, including the Baltic Dry Bulk for signs either way.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos