Those charts confirm exactly what Tim Wallace and I have stated. Moreover, I specifically point out the opinion of James Beck "The decline year-over-year in these three core transportation indicators suggest a slowing in the economy if not a recession."
For more on the likelihood of a recession please see ...
• ECRI's Lakshman Achuthan Says US in Recession Now; That Makes Three of Us
• 12 Reasons US Recession Has Arrived (Or Will Shortly)
• Case for US and Global Recession Right Here, Right Now; Recognizing the Limits of Madness; Permabears?Mish's Global Economic Trend Analysis
Email From Lead Analyst, Weekly Petroleum Supply Team on Possibility of Recession
Mike "Mish" Shedlock