Barry Ritholtz of The Big Picture has been busy these last few weeks. His new book, Bailout Nation is out, and last week he ran a one day conference on the state of the economy and economic recovery. But he isn't too busy to sniff out some interesting economic indicators. Namely: some numbers on transport from the American Trucking Association (ATA) and the Association of American Railroads (AAR).
As Ritholtz point out, the ATA's Truck Tonnage Index went down another 2.2 percent in April, and the trend looks like this:
Worse, rail carload traffic fell 24.7 percent, according to the AAR. Surely, these are not numbers that spell the end of the recession...at least not yet.
Read Ritholtz's full post here.
Posted
06-09-2009 8:48 AM
by
Graham Griffith