Johnathonathon t1_jad0abn wrote on February 28, 2023 at 3:38 PM Reply to The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog Apparently the railroad bubble was huge! I can't remember how many miles of excess track was being built but I thinks something like only 40% were routes popular enough to be profitable. The others were railroads to nowhere Permalink 3
Johnathonathon t1_jad0abn wrote
Reply to The bearish arguments of 1907. Swap earthquake with covid and many of these points could be recycled today by CreepingFog
Apparently the railroad bubble was huge! I can't remember how many miles of excess track was being built but I thinks something like only 40% were routes popular enough to be profitable. The others were railroads to nowhere