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.
Relentless deterioration meets stunning overcapacity.
Rail freight volume plunges to 2007 levels.
The next stage of “Moral Hazard?”