Saturday, October 31, 2009

Long Live the Recovery

"Railroads' New Timetable" WSJ Oct 31-Nov 1 B10
The Association of American Railroads reports that average weekly container loads were down 15% from 2008 and 17% from 2007. "To get back fo a prerecession level, traffic would need to jump more than a fifth"

From Calculated Risk:
"Fannie Mae reported today that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business increased to 4.45% in August, up from 4.17% in July - and up from 1.57% in August 2008."

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