[ClearCase_guy]

I suppose the Baltic Dry Index is important, but it seems to go either up or down without having much effect on the media coverage of the economy.

I suppose that's because the media coverage isn't really tied to any measurable evidence of reality. But, of course, it may be because the Baltic Dry Index doesn't provide as much clarity and insight as some believe.

Probably a mixture of both.

[Logic n' Reason]

". . .the Baltic Dry Index is important, but it seems to go either up or down without having much effect on the media coverage of the economy."

Perhaps this is due to the following reasons:
1. The media is filled with opinionated editors, "talking heads (without much intelligence of their own)", and biased, untruthful reporters.
2. The media is still trying to figure out where the Baltic is.
3. Since the media intelligencia is aware that - tho they don't know where exactly the Baltic is (many are thinking it may be very near "Baltimore"), they do know that it is a sea and is therefore wet (see?? bright folks, our MSM).
4. They are now desperately confused as to exactly how a sea can be "dry" and have called upon algore to study the issue and perhaps win yet another "No-Bell Piece Prize (he needs to cover attorney fees for the divorce).