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a comparison I haven't been seeing
Sep. 20th, 2015 11:55 pmPragmatic Capitalism sees the 1998 playbook as possibly applicable here, hearing echoes in the current charts. PC's low traffic, but it hits upon things other econ blogs don't, all without the 'k-we're-officially-nuts-now that's pretty much ruined the once-interesting Zero Hedge.
The President of China is visiting Cascadia this week, before going on to meet with American president Obama in DC. He'll be meeting with Jay Inslee and a lot of business leaders, and traffic is going to be a clusterfuck of the first order; they're basically telling Seattle and the eastside to stay off the roads if you can.
We get a visit because we run a substantial current-accounts surplus with China, making us a fairly rare beast indeed. (Airplanes, software, and agricultural products, in that order, if you're wondering, and we have then-governor Gary Locke's extensive trade work to thank for that in no small part.) The only downside is three days of traffic nightmare downtown; several blocks around Belltown and South Lake Union will be closed to all vehicle traffic, and if he decides to go out for pizza or something, they'll be closing the primary freeway through down with literally zero notice. ADVENTURES!
Hopefully he'll order in Pagliacci's, or just walk over to MOD. MOD's pretty good.
A couple of links:
5,000 years of interest rates. Except not really. But kind of. Spoiler: 0-0.25 is extremely unusual.
Commentary on the so-called sharing economy companies, vs the current death of the actual sharing economy.
Rail freight is still down vs. a year ago. Baltic Dry Index is pretty low. Last data I had on truck freight indicated a mild year-over-year decline, but not like rail. But none of it is enough to make me go eek.
The President of China is visiting Cascadia this week, before going on to meet with American president Obama in DC. He'll be meeting with Jay Inslee and a lot of business leaders, and traffic is going to be a clusterfuck of the first order; they're basically telling Seattle and the eastside to stay off the roads if you can.
We get a visit because we run a substantial current-accounts surplus with China, making us a fairly rare beast indeed. (Airplanes, software, and agricultural products, in that order, if you're wondering, and we have then-governor Gary Locke's extensive trade work to thank for that in no small part.) The only downside is three days of traffic nightmare downtown; several blocks around Belltown and South Lake Union will be closed to all vehicle traffic, and if he decides to go out for pizza or something, they'll be closing the primary freeway through down with literally zero notice. ADVENTURES!
Hopefully he'll order in Pagliacci's, or just walk over to MOD. MOD's pretty good.
A couple of links:
5,000 years of interest rates. Except not really. But kind of. Spoiler: 0-0.25 is extremely unusual.
Commentary on the so-called sharing economy companies, vs the current death of the actual sharing economy.
Rail freight is still down vs. a year ago. Baltic Dry Index is pretty low. Last data I had on truck freight indicated a mild year-over-year decline, but not like rail. But none of it is enough to make me go eek.
