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Recession Looms: Cass Freight Index Negative For 7th Month

Recession Looms: Cass Freight Index Negative For 7th Month by Mike Shedlock via MishTalk,ZeroHedge.com Tue, 07/16/2019 According to Cass, “Freight shipments signal economic contraction”. The Economic Outlook from Freight’s Perspective is not promising. With the -5.3% drop in June following the -6.0% drop in May, we repeat our message from last month: the shipments index has gone from “warning of a potential slowdown” to “signaling an economic contraction.” May and June’s drops are significant enough to pose the question, “Will…

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