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Lexus Recalls Vehicles for Corrosion
Toyota Motor Engineering & Manufacturing is recalling certain model year 2007-10 Lexus LS vehicl...

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Copart Reports Strong Results
Copart Inc. reported financial results for the quarter ended Oct. 31.

For the three month...

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Home Owners Borrow to Buy Cars
A quarter of consumers who have a home equity line of credit (HELOC) make a purchase for their garag...

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Edmunds.com Sees Bright Outlook for Black Friday
Edmunds.com forecasts that 1,261,813 new cars and trucks will be sold in the U.S. in November for an...

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Lexus Recalls Vehicles for Corrosion
Copart Reports Strong Results
Home Owners Borrow to Buy Cars
Edmunds.com Sees Bright Outlook for Black Friday

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The Shipping News

One of the best economic indicators is the Baltic Dry Index, which surveys brokers around the world and asks how much it would cost to book various cargoes of raw materials on various routes. The Index started dropping like a rock right around Memorial Day, the same time people stopped coming to your lots and buying cars.
I have no direct access to the Baltic Exchange in London, but I do have some connections to Great Lakes shipping. My wife’s father is a retired freighter captain and two of her brothers sail. My father-in-law said the boats always see an increase in activity about six months before the general economy improves and right now they’re going like crazy.
So, keep doing whatever your doing to keep the lights on and maybe the economic trend will reverse itself by next Memorial Day.