Last month mentioned Cass's perspective of the economy based on goods moving or more important the lack of goods moving. Now a report from from the Association of American Railroads (AAR) further reinforces what Cass showed.
There are 13 types of freight tracked. Only 1 showed and increase (Petroleum). Everything else is down year over year.
Not only are the number of cars down, there are over 400,000 freight cars in storage not being used. Many of them bank investments (like Wells Fargo), that are sitting idle.
Goods are not moving in the US, Canada nor Mexico.
But hey the stock market is up. Everything is good. Just don't look around. Everyone is counting on you not looking. Just look you will see what is going on.