No. of Recommendations: 4
time to stop worrying about China's growth and think about the US

Canary could be freight. Demand for moving all freight both by truck and by rail is softening. Several small trucking companies have bankrupted. The bigger boys are cutting earnings and seeing lower spot prices and more vacancies in their fleets. Last year 2018 was a big year for haulers. Rates doubled and space was at a premium. That demand supported a GDP of 3.1% for the year.

If Powell bends to trump and lowers rates in an attempt to prop up growth, we only delay the crash that freight may be signaling. When it comes and it always does, there will be few strategies left to soften the recession. We live on impulse, stock market highs, immediate gratification and we don't plan for the future or listen to what some key indicators may be telling us.

We won't hear anything about the concerning drop in hauling. OTOH Wilbur Ross may be leaving and perhaps we will get a sentient being in the office
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