Dry Baltic Index: Boring but NTK (need to know)
I just paid $1.29 a gallon for gas at Costco yesterday. Its almost shocking to see how fast the prices of gas/oil are falling and to follow the net effect on a stressed economy. But, more important is an index that we never pay attention to, but should. I bring this up because the warnings being given on the upcoming economy are not all conspiracy theory….there are genuine indexes that matter such as the Dry Baltic Index. This tracks movements of products over the waterways of the world and its a very strong indicator of consumer strength globally. Its not good.
I don’t like fear mongering, but I do believe in being forewarned and prepared so that fear does not ultimately take over. I have been talking about the economic time ahead for a long while now with one thing in mind – to help people reposition for what may be a very difficult time ahead. This has to do with identifying what is truly important in life and our truest assets, which are generally one another. So, without being a bore once again….let’s take a look at a bone dry indicator – the Baltic Dry Index.