This Is How We KNOW The Recovery Is Real

There’s been a fair amount of chatter over whether seasonal adjustments have been skewing December economic data to look more bullish than reality would suggest.

Here’s why we’re not worried.

This chart comes from the freshly released Rail Time Indicators report from the American Association of Railroads.

Check out the huge spike in year-over-year rail carload volume in December. This isn’t seasonally adjusted data. And it’s not based on a model or survey. Just raw numbers added up. Boom!


Photo: AAR

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