Not good, I’m afraid. I’ve held off on this update hoping for news of improvement. Well It’s not happening.
Apparently almost ALL the companies could be heading for a crash.
It looks like the guys on the beaches are going to be getting a lot of steel in the near future.
while there seems to be some slow growth rail traffic is still far below last year.
And more stored locomotives.
The fact is that less stuff is being moved around. Because demand is down just about everywhere. Which is a good leading indicator that manufacturers are not expecting a higher demand in the near future. Which is why the economy will continue to stink.
As I’ve certainly said before in these post the economy is dysfunctional. The bad policies enacted by this Administration have led to much of the dysfunction and slow decline that is so pervasive outside of Washington. If nothing changes it’s going to be very stormy waters very soon.
For more on the dysfunctional economy click Here or on the tag below.