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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.

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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