– The Little Train That Couldn’t Anymore (ZeroHedge, Jan 21, 2013):
While much has been made of the seemingly paradoxical stability of railroad traffic as the broad economy stagnates (and turns down – as we discussed yesterday), it appears the little train that could for the last four years has finally decided it can’t anymore. Of course, there is an obvious cyclicality to the pattern but still the unprecedented plunge in rail traffic this week must be somewhat concerning.
