Note: This article was originally published March 3rd on Value Investor's Edge, a Seeking Alpha subscription service.
Overview
It was a startling headline that prompted this most recent report. On February 25th Splash 24/7 reported:
BDI’s Decline Second Worst Ever
The decline in the Baltic Dry Index, BDI, this year is the worst on record, with the exception of the calamitous drop in the wake of the collapse of Lehman Brothers 11 years ago, according to data from Alphabulk, part of AXS Marine.
Several factors leading up to this have already been discussed in