Overcapacity meets broken promises of soaring demand.
It “shatters the complacency” that TBTF carriers “are immune to failure”
“The only word to describe the Dallas housing market is ‘frenzy.’”
Years of painfully slow growth slashed in one fell swoop!
Goods economy sinks, drags down trucking & railroads.
It’s already in the works and goes far beyond subprime.
Global overcapacity, plunging demand, and a price war.
Inventory glut, lousy consumer demand, weak global economy…
Majestic sight: 292 Union Pacific engines idled in Arizona Desert.
Worst March, worst first quarter since 2010.