{"id":16925,"date":"2016-01-26T14:15:47","date_gmt":"2016-01-26T19:15:47","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16925"},"modified":"2016-01-26T14:16:32","modified_gmt":"2016-01-26T19:16:32","slug":"economic-activity-is-slowing-down-much-faster-than-the-experts-anticipated","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16925","title":{"rendered":"Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated"},"content":{"rendered":"
\n

Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated<\/a><\/h3>\n<\/div>\n
\n

\"Locomotive<\/a>We have not seen global economic activity fall off this rapidly since the great recession of 2008.\u00a0 Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit\u00a0another brand new all-time record low<\/a>.\u00a0 If the \u201creal economy\u201d consists of people making, selling and shipping stuff, then it is in incredibly bad shape.\u00a0 Here in the United States, the dismal economic numbers continue to stun all of the experts.\u00a0 For example, on Monday we learned that the Texas general business activity index\u00a0just hit a six year low<\/a>\u2026<\/p>\n

Economic activity in Texas\u00a0keeps getting worse<\/strong>.<\/p>\n

The general business activity index out Monday from the Dallas Federal Reserve for January\u00a0was -34.6, a six-year low and much worse than economists had expected<\/strong>.<\/p>\n

The forecast for the monthly index was -14, following a December reading of -21.6 (revised from -20.1) that was also worse than expected.<\/p><\/blockquote>\n

One could perhaps argue that this is to be expected in Texas because of\u00a0the collapse in the price of oil<\/a>.<\/p>\n

But what about the very unusual things that we are seeing in other areas of the country?\u00a0 In Erwin, Tennessee, a rail terminal that had been continuously operating for 135 years was just permanently shut down,\u00a0and hundreds of workers now find themselves without a job<\/a>\u2026<\/p>\n

The last coal train to leave Erwin rolled slowly out of town just after at 3 p.m. Thursday, less than eight hours after CSX Transportation employees heard the news that rocked all of Unicoi County.<\/p>\n

\u201cIts a hard pill to swallow,\u201d \u00a0county Mayor Greg Lynch said.\u00a0\u201cOf course, we heard rumors that something was coming down. But never in my wildest dreams did I imagine they would just shut down and leave town.\u201d<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Economic Activity Is Slowing Down Much Faster Than The Experts Anticipated We have not seen global economic activity fall off this rapidly since the great recession of 2008.\u00a0 Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit\u00a0another […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3594,11967,5983,303,366,3761,4901,1775,2063],"class_list":["post-16925","post","type-post","status-publish","format-standard","hentry","category-economics","tag-baltic-dry-index","tag-dallas-federal-reserve","tag-economiccollapseblog","tag-fed","tag-global-economy","tag-global-trade","tag-michael-snyder","tag-oil-price-collapse","tag-texas"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16925"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16925\/revisions"}],"predecessor-version":[{"id":16927,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16925\/revisions\/16927"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}