patrick.net

http://www.exploringthenews.com/breaking-news/baltic-dry-drops-9th-day-in-a-row-worst-q1-in-over-10-years
For a few weeks there, as the Baltic Dry Index rose, talking-heads were ignominous in their praise of the shipping index as a leading indicator of an awesome future ahead for the world economy. The last 9 days have smashed that ‘hope' to smithereens (and yet the talking-heads have gone awkwardly silent, having moved on to some other bias-confirming meme). The Baltic Dry is down 25% in the last 2 weeks, back near post-crisis lows, and has just suffered the worst start to a year in over a decade. But apart from that, seems global trade is all-good and about to take off any minute now…

http://www.zerohedge.com/news/2014-01-30/baltic-dry-index-collapses-50-december-highs-drops-5-month-lows