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Railroad activity


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I am surprised I didn't see this mentioned in a long while. It is apparently one of Buffett's favorite economic activity indicator and was quoted often here (to debunk their theory) when ECRI was predicting the end of the world in 2010 or 2011 (can't recall exactly).

 

It is down so far this year:

 

https://www.aar.org/news/aar-reports-weekly-rail-traffic-for-the-week-ending-may-18-2019/

 

Any thoughts? Is the big one coming?

 

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