Last year wasn't too good, but it wasn't obviously bad. It took a little massaging of the numbers to tease out what the deal was. Revenues per mile were down 10%. If 2013's numbers were used, thousands more in revenue would have been made. Clearly, 2014 was a bad year. It basically snuck up on me.
Seguing into the Big Picture, there is now a fear of deflation. Bond rates are going negative in Europe, they are already negative in Japan. The US isn't too far behind. There is now talk of a bear market in stocks.
In response to this, government proposes to spend more money. Obama wants a big increase in spending. The printing presses may get another try. Despite all the failures, it seems that they are going to keep doing the same old things. There are no solutions offered, just conflict.
I see a clash coming in the political arena. There will be pressure to increase spending, but you've got a GOP led Congress who will be hostile to this idea. On the other hand, you've got Obama threatening to veto legislation coming from the Congress. The political situation is not going to get better.
Maybe my short trade will work now. Something needs to work. I could use the bucks.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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