Posted on 05/08/2016 5:35:57 PM PDT by SeekAndFind
We have been in a true depression for a while, masked by the government spending on entitlements. No one is standing in soup lines but food stamps are the same thing.
Here's my rationale discussion point: I work for an animal health company.
Our recent growth in the companion animal business in Q1 was well over 20%.
Companion animal health product sales are what I would consider disposable income.
We don't ship by rail.
You mean you can have a Depression with out a “stupid” tariff trade bill like Smoot-Hawley? < /sarcasm level=extreme >
I thought Free Trade would begat an economic panacea. You can have more open free’er trade than with the USA right now with zero tariffs and trade restrictions. So what happened?
Except it appears truck traffic is about to collapse, too.
http://www.freerepublic.com/focus/f-chat/3428814/posts
WOW! Those that are nearest in the pic are C44-9W prime movers that cost about $2m a piece.
Another report that big diesel truck orders are down to.
Maybe we should sell them to the ChiComs.
Maybe they’re holding off ordering new trucks until self-driving ones come available. Looming new tech causes loss of sales in other industries.
Self-driving over-the-road trucks are at least a decade away.
****Some of that (certainly not all) is the drop in fuel prices and a move of some freight to less efficient but more flexible on-highway trucks.****
The link below is showing that large truck sales is plummeting.
http://www.freerepublic.com/focus/f-chat/3428814/posts
All QE did was pump up the stock market.
oops, make that ...sales ARE plummeting
Reminds me of last part of Atlas Shrugged.
Buffet's love affair with Obama may be coming to an end? Then again may be not.
Apparently when you are that wealthy, jumping in bed with Liberals is a necessity- a cost of doing business if you will. At least that’s what I I have been told on FR the last few months.
It’s not just locomotives being “parked” either. One museum I know of has a 4+ mile demonstration track...over the winter they were being paid to store surplus hopper cars. Took up virtually the whole length of track.
Transport has shifted to trucks as fuel prices fell. DUH.
Similar sight here in OKC. Scores of BNSF locomotives parked in the railyard along I-235 for some time now.
There has been talk about storing boxcars in Amory, Mississippi, because the economy is so bad. This was first hand from Norfolk workers in the area. This article just confirms what they have been saying.
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