Summary of U.S. Rail Freight Traffic for the Week Ending June 20,2009: Click to Enlarge Image Source: Weekly Railfax Rail Carloading Report, Railfax The number of autos carried by the railroads is still at worse levels. Forest products sector is also heavily affected since that is tied to the construction industry. Every commodity group traffic …
Many states in the U.S. are facing budget deficits this year. According to one estimate states collectively will face an estimated $80 B in deficits. California is one of the states with a huge budget shortfall. Today the rating agency Fitch downgraded California to A-minus and is just eight days away from issuing IOUs unless …
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Building America With Obama Bonds Signals Losing Appeal of Municipal Debt Credit Card Chargeoffs vs Exhaustion Rate ‘It’s Still too Early for Economic Euphoria’ Beijing’s facade of resilience Bring out your dead
“Despite the apparent strength of the banking system, the ratio of private sector credit to GDP is still low by international standards (see Chart 3). Some of the restrictions on the banking system, and the incentives for banks to hold government bonds rather than make loans, have stifled lending. Consequently, the average ratio of loans …
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In the residential real estate market, foreclosure activity continues to be a major drag though it decreased in May relative to April. Last year a record 3.1 million filings were made. RealtyTrac predicts this year a total of 4 million foreclosures.Businessweek predicts the housing market to recover sometime in 2012. The Commercial Real Estate (CRE) …
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