Joined Nov 11, 2007
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Warren Buffett’s Favorite Indicator Still Chu Chuing Along

“No signs of recession in this data.  The weekly rail traffic has been incredibly consistent in recent months with low single digit readings in carloads and intermodal traffic.  It’s certainly not indicative of a booming economy, but it’s also not indicative of a shrinking economy.   AAR has this week’s details:

The Association of American Railroads (AAR) today reported gains in weekly rail traffic, with U.S. railroads originating 265,304 carloads for the week ending Nov. 26, 2011, up 4 percent compared with the same week last year. Intermodal volume for the week totaled 190,866 trailers and containers, up 3.7 percent compared with the same week last year.”

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