JeffBear

Lumber price futures to crash by 80% to $340! Deflation ahead!

Short
JeffBear Updated   
CME:LBS1!   None
Comment:
The prices are rising because of a temporary negative supply shock because of abscent workers in the last few quarters->CV-19 that paired with the fast reopening of the Asian construction sides has resulted in the short-term commodity bubble that we have.

Not because of inflation that is a delusion of the market we have the base effect of the CPI playing out and that will soon fade away looking at the data.
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