BDI New Lows

I see some larger sites are picking up on the Baltic Dry Index which we have been watching for several weeks as it continues to make new lows. I believe the last time I posted the BDI it was at 1014 making new lows going back to 1/27/2009.

Today we are at 784, a new low back to 12/24/2008!

This is an excellent measure of true economic demand and it is at levels when last seen, the U.S. was in a recession.