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Monday, June 29, 2020

Not Dead Yet

Poking my head out of the bunker and looking around. Not too happy about the economic prospects this summer - I wrote up an explanation over here at Seeking Alpha.

Daily Treasury Receipts and fast freight from EIA and rail. Ugly. Just ugly.

Comments:
Glad to see you, not so happy about the circumstances. For instant great depression, just add Covid-19 pandemic!
 

Exactly, and we were on the back end of the business cycle anyway before the pandemic, so nothing's really in our favor now.
 
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