The Rabid Capitalist

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

The Rabid Capitalist recently reported the troubling signs for consumer demand lurking in the quarterly results reported by trucking and shipping companies (see https://therabidcapitalist.com/2023/10/10/shipping-sinks-the-economy-will-stink/ and https://therabidcapitalist.com/2023/10/18/sinking-ships-empty-trucks-wtf/).  I take no pleasure in announcing that we have witnessed the transportation sector trifecta with yesterday’s earnings announcement from Union Pacific, an ominous sign for the health of the industrial sectors of the economy.

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