RealMacro

Lumber Up 577% And Soaring

Lång
CME:LBS1!   None
Lumber prices have more than quadrupled over the past 12 months, causing the price of an average new single-family home
to increase by $35,872 (source: National Association of Home Builders).

MMT free money for all thx to excessive deficits has painted us into a corner and getting worse fast.
For over a year I have been told I am too negative it's just "transitory", V shape recovery, it's an outlier etc...
It's so bad that even Buffet and El-Erian are concerned enough to say they don't think it's "transitory".

Today we saw horrible jobs numbers, increasing unemployment rate with soaring commodities that will cause inflation
that will force the FED to play catch up with rising rates. Rising inflation with high unemployment is a recipe for
economic disaster. I know most just want the quick trade, but this is serious stuff you should pay close attention to.

As you all know I have been pounding the table on commodities for a while now.







I hope you are all taking advantage of it. :)


Real Macro Economic Investing
www.patreon.com/Realmacro
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