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]
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Think of it this way – If the spike was exagerrated, then the dip is probably too !