The Egg Indicator
A few years ago I read the book “The Candy Bombers.” It was about the logistics chain of the Berlin Airlift and how the United States rebuilt war-torn Germany after World War II. There’s an interesting part in the book about how the US needs to stop the black market and skyrocketing costs in Berlin. A general said (paraphrased), once we see eggs sold outside in the market place then we know we’ve broken the black market. For him, it was a basic food item that was a leading indicator that things were getting better. I’d never dream that all those years later I’d be watching an egg chart from US Federal Reserve data! ...