An unlikely coincidence

abnormalreturns
November 30th, 2010

Mark Perry at Carpe Diem notes the continued rise in traffic volume. He writes:

The sustained and ongoing improvements in vehicle miles since the summer of 2009, along with a record-high volume for the month of September, indicate that the U.S. economy is recovering gradually, and the chances of a double-dip recession are negligible.

The chart below shows the traffic trend. (See also Calculated Risk for a less optimistic take on this trend.)

Source: Carpe Diem

In related news, according to IPO Home, Swift Transportation Company, the “largest truckload carrier in North America” recently increased the size of its proposed IPO.

Coincidence? Unlikely.

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