Tuesday, November 24, 2009

Why Baltic dry index is behaving abnormally

I was checking some data today when I realized that Baltic dry index increased by over 100% during the last one and a half month. It was 2185 on 29th September and today it was 4507.

Is this a result of increasing trade activity owing to enhanced confidence in recovery OR is it because of speculative stock piling fearing dollar depreciation?

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