Global Trade Indicator Falls 50% in 2019! Baltic Dry Freefall Over China - U.S. Trade Fiasco!

The trade issues continue. We’ve been told there has been much progress while simultaneously being told that nothing has really been accomplished. During this back and forth disaster, global shipping has seen a major freefall. While this can certainly turn around with an agreement between the U.S. and China, right now it looks as though there will be nothing but an extension to the current truce plus some vague acknowledgements of what both sides will need to agree upon. Only time will tell.

Baltic Exchange Dry Index | 2019 | Data | Chart | Calendar | Forecast | News
https://tradingeconomics.com/commodity/baltic
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https://www.scmp.com/news/china/diplomacy/article/2185519/us-china-trade-war-winner-takes-all-means-both-sides-lose
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https://fred.stlouisfed.org/series/M2V