The Tom Sawyer Economic Indicator
You want proof that the recession is over? According to one little-known (perhpas I should say unknown) economic indicator, the white paint index, we’re on the way to recovery.
Economists track the price of a key ingredient in white paint, titanium dioxide. The price of titanium dioxide took a huge plunge back in January, and companies that make white paint have been cutting back production because of the recession. Over the past three months, the price has been falling, but at a progressively slower pace. Titanium dioxide prices fell 4.6 percent over the year in June, compared to a 5.1 percent drop for the year in May. Economists think that the price of white paint will begin to rise within the coming months, going along with a broader economic recovery.
File Under: American business companies are in the red
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