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The Only Thing That Matters on the Bullshit Train 8/26/20

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My understanding - or, misunderstanding - is that the lumber mills massively reduced capacity/inventory in spring in anticipation of leaner times and diminished demand. 

But then... funny story. The US gubmint incurred trillions of dollars in debt, and demand for lumber remained robust.

So, if you are going to point to lumber price as an inflation indicator, please be prepared to do so again in 6 & 12 months' time.

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