By Mac Slavo – The Daily Sheeple
Prior to the crash of 2008 global trade was rocking. It was a boon for shipping companies around the world who are responsible for moving raw materials, commodities and consumer products from one country to another. Wall Street, of course, had devised a way to track all of this movement and often pointed to the Baltic Dry Index (BDI) as the primary indicator for health in the global trade business.
The index itself tracks the cost of transporting one metric ton of raw materials from one place to another.The numbers behind the BDI can essentially be translated into the cost of moving that cargo.
During the collapse in late 2008 we saw the Baltic Dry Index drop from over 9,000 points to under 1,000 in a matter of months. So, in essence, when the world economy was supposedly booming the cost for moving raw materials was…
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