Dry bulk shipping costs hinting at double-dip recession?

- "The post-recession rally and subsequent collapse this year of the Baltic Dry Index, which measures the cost of transporting dry bulk goods by sea, is puzzling. A stronger performance by the index in Q2 seemed to support the views of those who believed that the emerging markets had escaped the financial crisis relatively unscathed, and would lead the rest of the world, including the advanced economies, into recovery. But the recent extraordinary crash in bulk carrier charges has left many wondering if a double dip recession is already upon us, and if it will be severe enough to drag down the economies of emerging markets too."

ABNAmro Metals Monthly August 2010

No comments:

Post a Comment