from the Dallas Fed
The North American Free Trade Agreement (NAFTA), binding Canada, Mexico and the United States, turned 20 this year. Its objectives were clear: to increase trade and investment by eliminating tariffs, remove nontariff barriers, facilitate cross-border movement and provide a framework for dispute resolution.
Have you ever wondered why you picked a certain Christmas light or holiday decoration color?
ECRI's WLI Growth Index declined and has remained in negative territory for 10 weeks. This index is forecasting a slight business cycle contraction in 1Q2015. Obviously the markets do not share ECRI's view the business cycle is taking a downturn. ECRI also released their coincident and lagging indices this week and is discussed below.
Econintersect: Week 51 of 2014 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rate of growth continues to be trong in all of the rolling averages reported below.