Undeniable Evidence That The Real Economy Is Already In Recession
Submitted by Michael Snyder via The Economic Collapse blog,
You are about to see a chart that is undeniable evidence that we have already entered a major economic slowdown.
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Cass Transportation
Recession Watch: Freight Volume Drops to Worst Level since 2010
By Wolf Richter of Wolf Street
Freight shipments by truck and rail in the US fell 4.9% in April from the beaten-down levels of April 2015, according to the Cass Transportation Index, released on Friday. It was the worst April since 2010, which followed the worst March since 2010. In fact, shipment volume over the four months this year was the worst since 2010.
This is no longer statistical “noise” that can easily be brushed off.