Rail Traffic Just Had Its Best Week In 7 Months
Nov 8, 2013, 15:04 IST
Rail traffic is seen as a great gauge of the economy, since it represents moving goods that people are buying and selling in the real economy.
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And at least by this measure, it looks like things are going well.
Cullen Roche at Pragmatic Capitalist flags the fact that rail traffic just hit its best level in 7 months, with a 10.8% weekly surge.
One thing that seems clear is that the economic impact of the shutdown is not showing up in a significant way in the data yet.
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