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JUST IN: Whirlpool’s CFO said appliance demand hasn’t been this low since the 2008 financial crisis. Washing machines and refrigerators are leading economic indicators. I call it the Cardboard Box Indicator. When the economy booms, people buy appliances. Those items ship in cardboard boxes. When people stop buying appliances, factories stop buying cardboard. Shipping slows down. Jobs get cut. Pay attention.
FluentInFinance ↗