Wednesday, May 20, 2009
I first highlighted the Baltic shipping rate indices in early February, arguing that they were an early sign of a global recovery. That shipping rates continue to firm—the Baltic Dry Index has quadrupled since its low of last November—is an excellent sign that the global economy is on the mend. This is a green shoot that is very hard for the bears to ignore.
Posted by Scott Grannis at 11:13 AM