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Originally posted by dickbar
to be fair, thr BDIY turned around the last week or so and broke out of it's downtrend... i'm not a global economy bull at all but technically this video is out of date now...
Baltic Dry Index compared to ten year bond rates, showing an amazingly strong lagging correlation. (Credit TheStreet.com)
Simons comes to the conclusion that the BDIY index does an excellent job of following 10-year interest rates on about a 1 year lag. At least this was the case right up until 2002, when the two diverged.