Posted on 06/24/2016 2:39:40 PM PDT by blam
Michael Snyder
June 23rd, 2016
When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in “good shape”? Unlike official government statistics which are often based largely on projections, assumptions and numbers seemingly made up out of thin air, the Cass Freight index is based on real transactions conducted by real shipping companies. And what the Cass Freight Index is telling us about the state of the U.S. economy in 2016 lines up perfectly with all of the other statistics that are clearly indicating that we have now shifted into recession mode.
If you are not familiar with the Cass Freight Index, here is a definition of the index from the official Cass website…
Since 1995, the Cass Freight Index™ has been a trusted measure of North American freight volumes and expenditures. Our monthly Cass Freight Index Report provides valuable insight into freight trends as they relate to other economic and supply chain indicators and the overall economy.
Data within the Index includes all domestic freight modes and is derived from $25 billion in freight transactions processed by Cass annually on behalf of its client base of hundreds of large shippers. These companies represent a broad sampling of industries including consumer packaged goods, food, automotive, chemical, OEM, retail and heavy equipment. Annual freight volume per organization ranges from $1 million to over $1 billion. The diversity of shippers and aggregate volume provide a statistically valid representation of North American shipping activity.
When they say “all domestic freight modes”, that includes air, rail, truck, etc. As you are about to see, the total amount of stuff that is being bought, sold and shipped around the country by all these
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(Excerpt) Read more at theeconomiccollapseblog.com ...
He did that all by himself.
Obama and his Obamatrons will tell you that the economy has never been better.
but how, Obama keeps telling us that the economy is booming like its 1995 all over again
Obozo will use Brexit to blame for anything wrong up until the election.
Hildabeast elected: Paradise!
Trump elected: Everything wrong is his fault.
yep
Yet the sales of guns and ammo are at an all time high.
One of the only sectors ding well in this economy.
Only being kept up by shipments of illegals, human trafficking, dope, terrorists, and their weapons.
With all that stuff not being Shipped, we have Lowered our Carbon Footprint, All those people that used to do that shipping can now spend more quality time with their families.that’s a good thing right?? /s
Explains why my grocery store shelves are always empty...
A correct analysis of the situation will suddenly be presented on November 9, when it can be blamed on Trump. Until then, the emperor will continue to parade with no clothes.
They might give DT 24 hours and then go a day late in mid-January.
At which point, all mindless liberals will believe the collapse is his fault.
Me? I’m waiting to see if O goes for U.N. Secretary General. Doesn’t matter if he’s from one of the 5 permanent nations on the Security Council. Or, they’ll suddenly “discover” he really is from Kenya.
You, me, and a few thousand others are convinced that BHO wants the Sec Gen job. It’s the only job he thinks is higher than POTUS, and as such would be the only job he would do that is worthy of him.
Good thing the United Nations always sides with Israel! /s - as if it’s needed
You know, whoever becomes the Antichrist will have a few world leaders working for him during that time.
Gonna get real interesting.......
Ya, the Health Care sector is booming because of the obamacare “tax.” Everything else is dead because no one has any expendable income because they are tapped out because of Obamacare.
So are we in a recession, or Cass? lol
Perhaps this explains why diesel is less than regular gasoline in NH (never saw that before).
A recent, related article stated sales of class 6 -7 (over-the-road,tractor trucks) have declined 39%! The downturn is killing the truck dealerships.
I was speaking to my daughter today. She bought a used car because she can’t repair her old one of the same year. Suzuki no longer ships parts from Japan to the US for it. What few parts in existence are parts overstock.
She informed me that Cummings just moved their plant to Japan. Wonder how long before truckers can’t get parts for their trucks?
We can’t keep moving industry out of the USA and expect to thrive as a nation.
My own suspicious mind says they intend to clear the country out of industry...all industry. Right now, the dregs of other nations are being shipped here, and eventually all of us here will be starved as the UN takes over all natural resources. Eventually, there will be few or no people here and it will be a wild wilderness. Or something along those lines. The country will be utilized for it’s resources, sans humans.
They’ve been inching toward such a scenario for some time now.
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