An obscure indicator of future economic trends is showing signs of improvement. The Baltic Dry is a measure of the shipping movement and prices in the basic commodities market; coal, iron, grains. As it represents the bottom of the production cycle, economists use it as a bellwether of the global industrial market. The theory is that as industry seeks to move commodities in a limited shipping maket, competition forces prices up. So, if those industries are looking forward with the expectation of needing those basic commodities, they’re planning to make things. Do they know something the rest of us don’t? Optimists take heart.
A good article: http://www2.canada.com/windsorstar/news/business/story.html?id=308be40b-4685-44cc-b354-bda36149c8c5