Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers
MishTalk
NOVEMBER 20, 2015
As surface transportation’s peak period ends for the year, and trucking eyes the traditionally slowest time for the industry as first quarter 2016, economic signals are, at best, mixed. Recessions triggered by financial crises are typically preceded by sustained episodes of bubbly asset prices and debt-financed spending booms.
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