The “New” Delphic Oracle

Lately, it is impossible not to be inundated with news of the BDI in whatever business media you listen to or read. Now, even GE sees it as a leading indicator. In an article appearing in Tuesday’s FT, Richard Milne wrote: “GE has started to see the first glimmers of hope in the world economy.” Among the many signs of life, Nani Beccalli, the CEO of GE International, refers to is “…the recent rise in the Baltic dry shipping index, which acts as a proxy for global trade…”

To us, this is rather scary as current data confirms that

This is only an excerpt of The “New” Delphic Oracle

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