Do we need a global recession confirmation

Sunday, October 26, 2008 | posted by RedApple
, , , , | with 0 comments »

Have a look at the Baltic Dry Index. The retracement is massive. No doubt that it is linked to the Chinese/ emerging market demand as well as the oil price. For the past few years, this index has been correlated with Aussie Dollar. We can see both of them collapsing.





0 comments