Rail Freight Traffic – Green Shoots Turn To Weeds
Mark Schulberg over at RailFax does a super job taking raw data of rail traffic and transforming them into excellent charts. Looking at the 4 week rolling averages of rail traffic we see that the green shoot that popped up has quickly wilted.
Rail Traffic - Weekly Loaded Units - 4 week rolling average
Rail Traffic - Year over Year Percent Change - 13 wk rolling average
Don’t read Financial Sense’s Puplava then. He’s still seeing green shoots everywhere, even in transports. Those boys have never lived in a world without uptrends sprouting from nothing.
Something astonishing: KK and all the TBTF of the world have all of a sudden vanished into thin air… A cure of downtrend seems the best way to clean up the chat and the blog.