Moving 40% of all freight around the US, railroads remain just as important today as they did back during their real hey day of the early 1900’s.
Which is why the potential for a railroad labor strike continues to bubble up in the news.
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A shutdown in rail freight would leave cars and engines stranded on track, costing the US an estimated $2 billion per day of shutdown.
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The AI powered and new-era fintech lending companies are in a precarious position. Wild growth numbers that were expected to carry-on in perpetuity implied that the underlying economy would continue to support underwriting on consumer loans.
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Of course, what's happening is that these companies--who don't hold their own originations--are at the whim of their banking partners tightening up lending standards as economic conditions deteriorate.
i.e. Pass through lenders don't control their own destiny.
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