Trashing The US Economy

Andrew Sullivan —  Jul 31 2012 @ 10:31am


Cillizza captions the chart above:

It turns out that what we throw out or, more accurately, how much we throw out, tells us a lot about the general economic direction of the country. At least, that is, according to calculations by economist Michael McDonough, who has produced an absolutely fascinating chart that shows the remarkable correlation between carloads of waste (as calculated by the American Association of Railroads) and the U.S. gross domestic product. … If McDonough’s chart is right — and an 82 percent correlation between trash and the GDP is nothing to toss out — it bodes poorly for the GDP.