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The Baltic Dry Index at 1588 is at

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JettLoneStar   Wednesday, 11/08/17 01:06:58 PM
Re: MWM post# 45
Post # of 50 
The Baltic Dry Index at 1588 is at the highest level since March 2014 as are many base metals prices.

The demand for shipping commodities from points of production to consumption is telling us that while China has been a major buyer of raw materials over recent months, the phenomenon is not limited to the Asian nation.

The BDI is an economic indicator, and in many ways, it is an inflationary gauge. While the U.S. Fed probably does not monitor freight rates when making inflation projections, they should as the index provides insight into the demand for the commodities that often are the best indicators of inflationary pressures on the global economy.

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