- by New Deal democrat
My “Weekly Indicators” post is up at Seeking Alpha.
The effects of Tariff-paloooza! are like a slowly building tsunami. The tide rolled out, but now far out at sea there is a horizon to horizon white wall of foam.
In this case, the first significant sign that decreased contained cargo from across the Pacific is showing up in intermodal rail traffic, which after being up cumulatively 8.7% for the year at the end of March, was only up 0.3% YoY last week:
Meanwhile the effects of the Big Bad Bust-out Budget Bill also showed up in a near 4 year low to the US$:
As usual, clicking over and reading will bring you up to the virtual moment as to the current and likely near term future state of the economy, and reward me with a penny or two for my efforts.
