Garbage and Scrap

Chart Of The Day: Garbage Shall Set You Free… From GDP Manipulation | ZeroHedge

This is a very interesting chart, but I’d like to add a caveat. Since metal prices have crashed, there is less demand for scrap metal and therefore less rail traffic for it. I wonder how much of the decline in hauling is related to the decrease in demand of metals and all recyclables for that matter.

My guess is that the drop in waste hauling will be a bit steeper than the fall in GDP.

https://dareconomics.wordpress.com/

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