Submitted by Tyler Durden on 08/06/2012 09:53 -0400
Gross Domestic Product
Lehman
Railcar Loadings
Reality
SPY
It is no secret that just like the Achilles heel of China's goalseeked GDP number is the country's ever declining electric output, so the best coincident indicator of what is really going on behind the scenes with US GDP is railcar loadings of waste and scrap: i.e., garbage. As Bloomberg explains: "One closely watched economic indicator is the rail car loads of waste and scrap materials." Logically: "The more we demand, the more waste is generated by that production." In other words, if one is seeking validation that numbers reported by the BEA are even remotely credible, the best place to turn to is railcar loads of garbage. However, not surprisingly, such validation will not be found in the actual data. As the chart of the day, courtesy of Bloomberg Brief, demonstrates, if garbage is the benchmark, the US economy is now contracting faster than it has at any one point in the past 3 years and is on pace to recreate the economic collapse last seen after the Lehman bankruptcy. Perhaps another reason why central planners have latched on to stock markets and will just not let go.YUP
Some more from Bloomberg:
http://www.zerohedge.com/news/chart-day-garbage-shall-set-you-free-gdp-manipulation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 