Interesting explanation.

Scrap metal prices have always been a indicator of world economic health. Low scrap prices = depression on the way. High scrap prices = boom coming.

Scrap metals, rendered oils and protein, foods, pretroleum, pretty much all the commodities are at lows that were unthinkable a couple years ago in the 'bummer depression.

As a practical comparison, 4 yrs ago, a 5-7 yr old dogde van was worth $8-10k from private sellers. This week I saw 5-7 yr old dogde vans mostly around $5K from private sellers.


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