PRAGMATIC CAPITALISM – Rail Traffic is Slowing With the Economy

Rail traffic is taking a turn for the worse in recent weeks as the economy appears to be slowing even further into Q4.  The latest reading on intermodal traffic came in at -1.1%.   That brings the trailing 12 week average to 1.65%.  The US economy appears to be just barely treading water at this point.   This is also consistent with my latest update for Q4 GDP which is tracking at 1.1% (available via Orcam Investment Research).

* username: rupertbu