Despite the tensions in the Red Sea, the Baltic Dry Index (BDIY) does not indicate that shipping costs will rise in the short term. But it hints at a week global economy.
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21 sats \ 1 reply \ @anon 15 Jan
IMO no surprise there. Markets correctly believe that the Houthis are disgusting Nazi-loving, slave owning, terrorists who will probably be quickly neutered by the military forces of the civilized world because disrupting trade is unacceptable.
Kinda like how the rest of the world said "FUCK YOU" to Iraq in the first gulf war, because disrupting trade by attempting to steal oil made lots of countries angry too.
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0 sats \ 0 replies \ @TomK OP 15 Jan
But this bottleneck stands for 20% of global shipping costs. So to me it's remarkable that the impact stays that low.
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