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Daily Archives: April 20, 2021
Lumber in La La Land too
Parabolic lumber prices are not due to a lack of trees. Consolidation in mills over the past couple of decades is part of the story. But most of all, the familiar forces of cheap credit, rampant financial speculation and stockpiling … Continue reading
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Hoisington Review and Outlook Q1 2021
The always worthwhile Hoisington Review and Outlook for the first quarter is now available to the public here. Some lucid analysis to counter the “inflationary psychosis” now gripping asset markets.
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Pomboy on the most dangerous markets of her career
Worthwhile discussion here… Highly-respected economic analyst Stephanie Pomboy of MacroMavens.com notes that the discrepancy between today’s record financial asset prices and the underlying economy they’re supposed to reflect are the farthest off she’s ever seen in her entire career. Here … Continue reading
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