Chaos In The Middle East, Collapse In The Baltic Dry Index And The War In Gold

"Question: Hi Bill: As you certainly know the BDI, the Baltic Dry Index has reached the low of 498 as compared to 12000 reached in 2008, a 96% decline. How much importance do you give to that index and what kind of repercussions do you expect in the US and Global stock market, if any? Thank you

Answer from Fleck:  “I don’t tend to pay attention to them, as there are other ways to get a read on economic activity and the freight indices are impacted by more than just “trade” as I understand it (e.g., the increasing size of new ships), so they aren’t as great of a barometer as one might expect them to be. Still, I think they do tell you that trade is somewhat weak.”

at http://kingworldnews.com/chaos-in-the-middle-east-collapse-in-the-baltic-dry-index-and-the-war-in-gold/