Saturday - July 28, 2012

Iffy Indices

Porn actress Victoria Rae Black on the business of The Business:
“I think the economy is slowly starting to turn around. I saw a dip in the scenes I was shooting in the last two years but now things are on an upswing, companies are making more money and therefore producing more content.”

US Garbage Indicator Is Sending An Ominous Sign For The Economy

Among the 21 categories of items shipped by rail, none have a tighter correlation to GDP than waste. According to a 2010 piece on Bloomberg, economists Michael McDonough and Carl Riccadonna note that waste has an 82 percent correlation to US economic growth.

This should be pretty intuitive.  The more you produce, the more you throw out. McDonough, a Bloomberg BRIEF economist, tweeted out an update on the indicator.

And frankly, it stinks.  Waste carloads are way down.

So, what does this mean?

Have market efficiencies and local recycling been so effective that waste haulage is significantly lower, and the economy is improved enough so that the demand for private entertainment is on the rise again?

Or is it that when we don’t have squat, we have even less to throw away, and we’re so effed and depressed about it we need some secondary stimulus to help us ignore that reality for even a few minutes at a time?

Posted by Drew458     on 07/28/2012 at 12:05 PM   
Filed Under: • Economics •  
• Comments (2) • Trackbacks(0)  Permalink •  

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