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.
By Ralph Atkins
Central banks around the world, including China’s, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 4…
Dugersuren Tsagaantsooj is 30 years old and lives with his wife and two sons in a house in Hovd province, Mongolia. His older son goes to a local secondary school, while the younger one is in kinderg…
In thinking about economic reform, if you want to contemplate construction techniques outside of “the matrix,” read about the Coral Castle and Nan Madol.
What Companies Are Actually Doing Well?
NY Times (20 Jan 2009)
The Economy Gets Top Billing, but Congress May Also Try to Revamp 401(k) and IRA Plans
Yahoo Finance (22 Jan 2009)
Treasury Nominee Gei…
[CAF Note: I originally published this on November 12, 2013. As our subscribers and readers are managing unprecedented change, I am republishing now. Hope it helps!]
By Catherine Austin Fitts
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By CNN staff
As a new round of French military strikes targeted Islamist rebels in Mali on Sunday, both sides of the fight said they were determined to win.
French fighter jets bombed rebel training…