Old Man Buffet’s Favorite Indicator Continues to Show Expansion in the Economy

Rail traffic continues to expand;

“The latest data from the AAR showed another gain in intermodal traffic at 4.1%.  This brings the 10 week moving average to 5.1%.  Carloads paint a more mixed picture with a decline of 1.5%.  Intermodal, historically, has been a better leading indicator of economy growth, however.  I think it’s all consistent with a muddle through economy, but not one that’s currently contracting.  The AAR has more details:”

Full article