January 30, 2009
Graph of the Day: Baltic Dry Index, 1998-2008
Weakness in the bulk commodities markets, reflecting the depth of the recession, is shown by the incredible 92% decline in the Baltic Dry Index. … Construction and energy-intensive manufacturing are the first sectors to slump in a recession. This has cut the demand for bulk commodity inputs, leading to the Baltic Dry Index decline.
Technorati Tags: financial collapse,demand destruction