Any relationship between mass moved and economic growth? You bet. But we notice a delayed reaction, about two quarters of reaction before high oil prices crash the transportation index. Refineries are a quarter late and truckers will suffer for a quarter in order to complete their back log.
We now have solid growth, my expected Obamacare recession turned out to be a mere one quarter blip, I got that wrong. So here we are, eight years late in resuming normal growth. Four years to shrink the war costs, three years waiting for the California Flounder, and one year delay caused by the stimulus. Two, make that two big fat G screw ups, a G in DC and a G in Sacramento. We need to separate those two Gs, they feed on each other.
What can go wrong? Likely the California Flounder will find some way to screw the economy.
No comments:
Post a Comment