The so-called economic recovery described in a single graph.

The “Baltic Dry” index reflects cost of leasing a large cargo ship. When economy does well everyone wants to ship cargo, demand is high, ships are expensive. When economy does poorly only few people want to rent a ship, the price falls. The chart below demonstrates everything that’s wrong with this economic recovery. Simply put, there isn’t one. The goods, they just aren’t moving.

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This entry was posted on August 4, 2011 at 2:30 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “The so-called economic recovery described in a single graph.”

Denis Valeev Says:
August 4, 2011 at 2:33 pm | Reply
The logistics got better and better to the point where you don’t need to move goods as much. Just sayin’.
- Denis Altudov Says:
  August 4, 2011 at 2:46 pm | Reply
  Huge improvement in the last two years? Doubtful…