Two weeks ago, Baltic Dry Index was at 556. Which was bad (http://trueeconomics.blogspot.ie/2015/02/11215-baltic-dry-index-another-low.html). Now, it is at 516 or below late 1980s trough. And the European economy is allegedly picking up.
H/T to @moved_average
What can possibly go wrong with the 'EUrecovery' story?
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