Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

Gtober> The trans are carrying

record amounts of tonnage into and around the country via imports, for that matter around the world, even as our own production remains tepid. Thusly the trans are doing better than our industrials. Also they have been able to absorb the rising costs of energy by jacking up their freight rates to record levels and passing them on. Now as the soft patch turns into an outright global recession, the trans should start to get hit hard, as the debt ladden consumer stops buying.