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Upon Further Review

I spent several hours traveling yesterday and was pondering the blog post I made prior to leaving town.

The increase in rail traffic could also reasonably be explained by China having successfully achieved an economic soft landing and avoided a recession from the monetary tightening they’ve employed.

The basis for this is that the Baltic Dry Index has stopped it’s contraction and that their stock market is at a two month high as long time readers know the BDI is an index that tracks shipping to Asia and is a good early indicator of economic activity there.

Our increased rail traffic might just be due to goods moving to the coast the be loaded onto ships bound for China.

Well enough of this. The markets opened positive so I’m getting away from the iPhone -it’s tough to blog by phone- and I think I’ll head to the pool weigh a book that’s been on my list for a long time, The Confederacy of Dunces.

I’ll be back at the blog as things in the market warrant it.

Mark