JPMORGAN: the slowdown in global employment “raises a material downside risk to the outlook. Households will feel the impact from slower hiring and adjust their spending. … we see global retail sales expanding just 2%ar this quarter.”

Rail Recession: U.S. Carloads Continue Collapse As Manufacturing Slows

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Nowhere is the slowdown in the U.S. economy more obvious than in places like Class 8 Heavy Duty Truck orders and rail traffic. We already wrote about how Class 8 orders continued to fall in Octoberand new data the American Association of Railroads (AAR) now shows that last week’s rail traffic and intermodal container usage both plunged.

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