Analyst Makes Major Proclamation About The US Economy Based On His Commute To Work Today
In a note to clients, Bill O'Donnell, head of U.S. Treasury strategy at RBS Securities, points to what seems like a good sign for the economy: more trucks than he'd seen in months on the highway during his morning commute to work today.
"I've mentioned before that my commute to work takes me on one of the busiest highways (I-95) in the U.S. that sews together all of the states between Florida and Maine," says O'Donnell.
"This morning's commute saw more trucks on the highway than I have seen in months. Indeed, even at 4:40 a.m. it was tricky to change lanes because a train of trucks was even traveling in the third lane where they are not supposed to be. So it seemed pretty clear to me that the much-anticipated spring rebound is now in full force. Many of the trucks appeared to be carrying building materials and fabricated metal goods. It was an impressive sight; frustrating and frightening as it was to be a little car in a sea of semis."
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas