Sounds like you would be singing Obama's praise if we had rampant
inflation...

On Thu, Sep 3, 2015 at 7:03 PM, Loren Faeth via Mercedes <
mercedes@okiebenz.com> wrote:

> Interesting explanation.
>
>
> http://www.rabin.com/meet/Blog/August-2015/Market-Watch-The-Scrap-Metal-Industry.aspx
>
> 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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