Not sure what people convinced of a double dip are looking at but the #1 economic predictor in real time is rail traffic….and it is surging….2 of the last 4 weeks (ending 8/14) have been the strongest weeks of 2010. That means a ton of stuff is being moved/bought/sold etc…
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Subs $$: Miscellaneous
Odd and ends….
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Subs $$: Spending Some of The Cash Hoard
First an acquisition and now some advertising…..
Last nights show
This defies the double dip crowd….rail traffic cannot/does not/will not grow in a doubler dip scenario. The fact it is surging in late July to the highest levels of the year is material. We’ll of course have to watch for follow through but it would seem as though a summer slowdown may have passed and activity is resuming. These results also back what I said in my last post on rail traffic
Here is the pattern all recent recessions have followed, first temporary employment rises as businesses cautiously add cheaper temp workers. As the recovery gains traction, those workers then migrate from temp to permanent. All that means for the best view of the jobs market down the road, we need to look at the temporary worker situation.
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$$ Dow and Its Dividend
We do we stand????
Last night’s show….
Been waiting for this…..
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$$ More Price Target Gibberish…
This is great….another example of why these have to be ignored, blindly follow them at your own peril..
More thoughts on this tomorrow, wanted to get the news out…time for bed
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$$ A Review of the Hughes Claims v GGP
So it looks like the only thing that might hold up the GGP exit from Chapter 11 are the Hughes Heirs, fortunately, they are not getting a sympathetic ear from the Judge..
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$$ Latest Rail Traffic…A Drill Down
Be careful of the interpretation of this data around the web….
Last nights show…
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Subs $$: Miscellaneous
Odds and ends…