The Ice Blog

by Ice

BDI Falls 93%

The Baltic Dry Index (BDI) is a number issued daily by the London based Baltic Exchange.  The index provides an assessment of the price of moving major raw materials by sea.  The BDI traces its roots to the Virginia and Baltick Coffeehouse in London’s financial district in 1744.  Taking in 26 routes measured on a timecharter and voyage basis, the index covers Handyman, Panamax and Capesize dry bulk carriers carrying a range of commodities including coal , iron ore and grain.

Will the US be CUT OFF from the World?  Watch the video, do some research and draw your own conclusions.

BDI FALLS 93%

Update:  For those of you unaware of the recent news, the BDI has fallen 98% since this article was posted.  There is no merchandise being moved by sea.

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December 23, 2008 Posted by | Commodities, Credit, Economy, End of America, Index, manufacturing, Production, raw materials, Shipping, Trade | , , , , , , , , , | 6 Comments