By Walter Kemmsies, chief economist, Moffatt & Nichol
Optimism is not abundant in this fifth year of recovery from the Great Recession. Employment, consumer spending, home sales and starts are past their worst points but have not yet recovered to their 2007 levels. Similarly, container volumes handled at ports, railcar volumes and truck tonnage are below their historic peak levels. Nonetheless, some types of activity like production and transportation of export commodities are at all-time highs…
The long U.S. recovery via exports
