Lumber: What Goes Up Must Come Down
US lumber prices are down ~50% from their highs. Even though this drop comes after a sixfold rally, it does hint strongly at some kind of underlying change.
US lumber prices are down ~50% from their highs. Even though this drop comes after a sixfold rally, it does hint strongly at some kind of underlying change.
What do lumber prices tell us about inequality, the labor market, and future economic consequences? Could they hint at future social and political upheaval?
Another commodity making record highs is lumber. Specifically, lumber in the United States. What is driving this rally in this time of great uncertainty?