Amid the Financial Turmoil One Economic Indicator is Soaring

The financial world is coming unglued again. Greece has pushed the E.U. to the brink. Global stock markets are tumbling. And yet, at the same time at least one economic indicator is soaring. The Baltic Dry Index. Today, the BDI jumped nearly 9%. The largest daily jump in at least the last six months. Baltic Dry Index – Composite Shipping Index – CHART In fact, the index is up 40% since the end of April. A jump that has roughly coincided with the recent decline in global stock markets. The BDI tracks global shipping rates. A rising index generally means more trade, as goods are sailed around the world. So what’s going on? Are nations buying and selling more, even as the economy tailspins? …