Monday, January 19, 2009

Shipping rates hit zero....

Via Glenn, I see this story. I know I commented last fall--somewhere--on the Baltic Dry Index, and think I blogged about it here, but now can't find it.

Shipping is in trouble. In a global economy, this means trouble. Obviously, we've got our troubles here. But others are being pinched too. The Baltic Dry Index has fallen off a cliff.

How we get out of this--peacefully--is a large question.

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