There are thousands of trained derailments every year according to the Bureau of Transport Statistics. It has gone down for maybe 6,000 a year to maybe like 1,500 to 2,000 now so it's actually gone down and that doesn't surprise me because there's lower industrial activity. The bulk shipments have I think gone down mainly because of coal but the intermodal stuff is actually picked up. Norfolk Southern stock just you know as my investment.
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Ray Dalio, founder of Bridgewater Associates, has written several books on the world of investing and the economy in general based on his years of experience as manager of the world’s largest hedge fund. In the latest of his ‘Principles’ series, Dalio applies his quantitative approach of macro investing to analyzing countries, seeking to identify the factors that lead to strength such as education and work ethic, as well as lagging indicators such as a reserve currency that allow a country to spend beyond its means but ultimately presage a fall from dominance. Notably, Dalio sees China’s rise to the top of global power as likely, with America, while ahead, slowly declining. Tonight we debate the merits of his analysis, as well as the overall validity of a global macroeconomic approach that overlooks key factors such as demographics in forecasting long term power status.
