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Economic ‘Green Shoots’ vs. Reality

Unfortunately, reality is kicking butt.  This Railcar Traffic report is through June 13, 2009.  You’ll see a lot of very big red numbers noting the tremendous drop in activity.  Metals and Autos are awful, while coal and food are holding up well, in comparison (also read the 1st & only comment, from a trucker, confirming the numbers).

Note also today’s soft stock market (down roughly 2%), and the general softness since early last week.  Reality is once again taking hold.  Talk of ‘green shoots’ and a rebounding economy is merely spin to induce consumer confidence, and hence induce consumer spending – ‘if we believe it, the recovery will come’.  Govt and media spin will not work this time…


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