FRED:RAILFRTCARLOADSD11   Rail Freight Carloads
I have created this chart based on analytical ideas of Raoul Pal.
The idea of this chart is to show that we can expect a decline in gross domestic product (GDP), based on looking at the rail car freight decline.
We have seen one of the sharpest declines in rail car freight.
On top the leading indicator for the GDP the ISM (from the Institute for Supply Management) is moving down indicating that growth in GDP will slow down soon.

Will we see a slow growth and a declining inflation?
Stay tuned for more charts on this series....

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.