Depression Data But Depression Not The Base Case

By Gary Evans and Jon Custer Custer Consulting Group Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the worse year of the Great Depression, … More Depression Data But Depression Not The Base Case

North American Freight Volume Posts Sharpest Drop Since Great Recession

December freight volumes posted their sharpest year-over-year decline since the Great Recession. The Cass Freight Index, a measure of freight volumes and expenditures, accelerated its decline due to high inventories and a manufacturing downturn. Stifel analyst Dave Ross doesn’t expect a rebound in 2020: “The tariff relief from the phase-one deal seems to be just … More North American Freight Volume Posts Sharpest Drop Since Great Recession