California Mega-Port volumes are negative thus far this year, the longest stretch since the Industrial and Great Recessions; echoing the weakness, Cass Freight Shipment Volumes are down 4.5% versus last year.
While the Bloomberg consensus calls for a modest export expansion in the third and fourth quarters of this year, freight volumes suggest otherwise; in August, ISM and IHS Markit export indices fell to levels not seen since 2009, corroborating the freight data.
President Donald Trump has selected Robert C. O’Brien as the new national security adviser to replace John Bolton, who was abruptly released from his position earlier this month.
Last week I reported how quickly this final move is being implemented.
White House senior advisers have indicated that this week President Trump will be presented with a bill to further restrict your right to defend yourself, your loved ones and your property.
The following is an update that includes new proposals and their specifics under consideration by the President.