San Francisco is one of the better areas in the country in terms of employment, right? Yuppies, Silly Valley, money, Google, yes?
SAN FRANCISCO (KGO) -- BART ridership to San Francisco's Union Square shopping district was down nearly 18 percent on Black Friday. Nearly 49,000 riders took the train to Union Square last year, as compared with only about 40,000 this year -- the lowest number in four years.
And it's not as if the shoppers came in cars instead.
The Union Square Merchant's Association says parking was down 10 percent at the Sutter-Stockton and Union Square garages.
Pull my finger CNBS.
And it's not just there. It's also in freight traffic:
A recovering economy would have no problem overcoming the very low levels of last fall, but we actually continue to see declines. Total intermodal traffic was down 6.4% versus 2008 and down a staggering 32% versus 2007. The recovery on Wall Street might be real, but its certainly not real on Main Street as these numbers clearly show.
Yeah. Oh, and the 2008 numbers included Thanksgiving too.
There were increases in some carload categories the fact of the matter is that on-balance freight traffic sucks.
Let's face facts folks - for the economy to be strong - or "recovering" - "stuff" has to move from point <a> to <b>. It's that simple.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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