Mark in San Diego

Los Angeles Ports Face a Grim Future

In addition to port business, keep and eye on UPS, Fedex, BNSF, etc. They have all been reporting no growth, and until they do, the economy will be stuck in the MOS (more of the same) mode. Food giant Cargill today (see Financial Times) also said business is slow and not growing. Bottom line?. . .don't bet on a fast recovery - looks like we are stuck with at least 3 years of very slow growth.