Posted on 03/07/2013 1:42:08 PM PST by blam
The Rail Traffic Chart That Should Eliminate Any Of Your Worries About The US Economy
Joe Weisenthal
March 7, 2013
Rail = the real economy.
This is good.
Highest 12 week moving average in rail traffic since 2011. twitter.com/cullenroche/st… — Cullen Roche (@cullenroche) March 7, 2013
(Excerpt) Read more at businessinsider.com ...
Blam,
Please refrain from spreading any good news about the economy. Many FR members refuse to believe it is possible that the economy and business is getting better while Obama is in office.
Pay no attention to housing starts/permits, either.
That new high on the DOW must be poop pooped too.
care to show what a similar graph looked like in the months and years prior to the start of the great depression?
Our current debt is unsustainable, that’s just a fact and there will be consequences.
I have a cousin who’s business is railroad maintenence. He has contracts for the next 5 years and is constantly renewing them. As long as America exists, there will be the need for railroads!
I don’t want the economy to go bad but I can’t see that it is sustainable and hasn’t been for a long time. It is like getting a new credit card everytime you get the last one charged to the limit.
There is money in the economy right now because it is tax time and the earned income credit crowd are spending like they’re wealthy and people know they are going to but the working man is hurting, and just treading water.
Food and gas and everyday needs keep edging up, I just see some of the same things, except an interest rise, leading up to 2008 happening again.
Wonder what it would look like if we took out the number of cars hauling oil?
What's good for General Motors Obama's friends is good for America Obama's friends.
Mr. niteowl77
Yep, I remember the Good Old Days of 2010.
The big build up in the rail traffic is hauling oil.
If you’re a texas freeper you better know about oil and have it down cold. Why? Because oil gold and the dollar are inter related.
The fed prints fiat money from nothing? Great they create a couple trillion dollars of fiat money. That’s bad.
However, the oil drillers by using new technologies have just created 50-100 trillion dollars worth of hydrocarbon reserves from nothing. That’s good.
Guess what? These two cancel each other out.
This is what it is. There are several more big oil shale formations out in west texas that are bigger than Eagle Ford and Bakkan up north. The predictions that the USA will become oil independent in a decade are likely true.
There are no oil independent countries with soft currencies.
A currency like the dollar has a value based on its future—not its past. That’s just like stocks.
That’s why gold has topped out for now. Its rise was based on the dollars fall. If the dollar doesn’t fall then gold can’t rise. The dollar won’t go down if the USA is continually using less foreign oil.
The “new high” in the Dow is lower in real terms than it was in 2000, and at that point we were enjoying a budget surplus. Anybody who thinks that a country which would be in negative double digits for GDP growth if it were not for trillions in borrowing can’t do basic arithmetic.
YoY % is an indicator, but when it has been cycling between 1% and 5%, I’m not sure that is a sign of growth. If it moves on up without cycling back to 1% again, then we’ll be something different.
Well then let’s open up them prison camps and let the good times roll! /sarc
Venezuela, Iran, Iraq, and Mexico are all oil independent aren't they?
that makes a lot of sense
Lil joey is an over respected brat. Why not take a look at the Baltic shipping index? Tracking the rail shipment positives within a country that has seen a massive decline of gas consumption by individuals and energy consumption by industry and not comparing that to global trade is just another selective reporting of stats for this little progressive to try to prove that his support of Keynesian spending has helped the economy. It has not regardless of his distorted report.
Maybe we are simply looking at other macro economic indicators that present a more realistic economic analysis.
Another Clinton-era lie.
There hasn’t been a budget surplus since the Eisenhower Administration.
Take out the cars hauling coal to China.
I’m no China basher on trade. But they are increasing their imports of coal from the U.S.
I’m seeing coal-cars going through Seattle / Tacoma going on ships to Asia.
That may be big for shipping, and help improve our balance of trade, but it won’t employ many people.
I would like to see a chart of trucking industry traffic. I am afraid it would not look as good. Rising fuel prices have nearly destroyed trucking. Yes I know trains also run on diesel but most are diesel/electric and run much more efficently. Obama is happy with higher diesel prices taking away freight from trucking and steering it to his buddy and railroad owner Warren Buffet.
You can credit fracking, not Obama.
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