From Bloomberg.
June 9 (Bloomberg) -- If garbage is any indication, the U.S. economy is strengthening.
The number of freight cars carrying waste jumped 45 percent in April and May from the same period last year to 79,044, according to the Washington-based Association of American Railroads. Waste freight hasn’t grown as fast for any quarter since at least 1994.
Shipments of waste and scrap have a higher correlation with economic growth than coal or copper, according to data compiled by Bloomberg News.
mmm....this is funny isn't it?
This ranks right up there with toilet paper as a new profit opportunity (as opposed to "static" gold) on CNBC.
That's it! The great U.S. economic rebound becomes symbolized by freight cars full of waste and toilet paper profit opportunities.
Check out the video on CNBC here.
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