SoylentNews

butthurt [soylentnews.org] writes:

On 10 February, the Baltic Dry Index [wikipedia.org] fell to the lowest level since its inception in 1985. The index reflects the cost of transporting solid, bulk (non-containerised) materials—such as ores, coal, or grain—by sea. It is considered a leading economic indicator. The decline is attributed to decreased demand for raw materials.

Its peak was 11 793, reached on 20 May 2008. The 10 February low was 290.

• New York Post [nypost.com]
• Scrap Register [scrapregister.com]
• TheStreet [thestreet.com]
• Orange County Register [ocregister.com]
• Reuters [reuters.com]
• Seeking Alpha [seekingalpha.com]
• Business Insider UK [businessinsider.com]

previously: UK Uses 33% Less Stuff Than in 2001 [soylentnews.org]

Original Submission