Baltic Drying Up as a Gauge
The Baltic Dry Index "will be less responsive to shifts in demand as the oversupply of vessels becomes more pronounced," said Plamen Natzkoff, dry bulk and freight strategist at Citigroup in London. While the index "will still reflect the supply-demand balance in the freight market," its worthiness as a wider-ranging indicator will be limited, he said.
The index for sanity checking global overcapacity is now itself suffering from global overcapacity.
Perhaps we need a Baltic Dry Index Buster Buster.
Recession Watch Metrics
-
Early in February, I expressed my "increasing concern" about the negative
economic impact of "executive / fiscal policy errors", however, I concluded
that ...
1 hour ago
No comments:
Post a Comment