BDI Baltic Dry Index Daily Chart

The global deflationary commodity collapse continues. The Baltic Dry Index is at all-time record lows collapsing for 20 consecutive days. Iron ore, coal, cement, powders, and other dry bulk materials are not moving across the ocean seas like years past. This behavior directly verifies the slowdown in the Chinese economy that was a major user of commodities.

The BDI was one big party into the October 2007 stock market top and then the 2008-2009 financial crisis, but the disinflationary and deflationary recoil has been in play ever since and the BDI deteriorates to a record low. Tried and true indicators such as the Baltic and Dr Copper are ignored nowadays since the global central bankers overpower market forces with their Keynesian money printing schemes. The Fed and other central bankers have destroyed price discovery across all markets. No one truly knows what anything is actually worth anymore. The stock market party continues, as the global economy weakens, as long as investors believe in the power of the central bankers. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.