« The Credit Hearings Political Theater | Main | Four Myths About the Financial Crisis of 2008 »

Latest Stories

• Palm Pre, Plus Roger and Me
• You Say “Recession”, I Say “Recovery”, etc.
• Quote du Jour: Marc Rich
• South Korea Arrests Barry Ritholtz
• Afternoon Reading 01/08/09

October 23, 2008

The Unflattening Earth and the Globalization Trade

The people at Bespoke Premium have out an interesting chart today showing the collapse of what they call the "globalization bubble". In essence, the chart shows the rapid growth, and subsequent collapse of Baltic Dry Index, a measure of international trade. It's a narrow view of trade, so I'll quibble somewhat definitionally, but it is still striking stuff, especially in light of what happened to trade (admittedly for different reasons) in the 1929-1932 period.

[via Bespoke Premium]

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it