Two essential commodities – and sticks
Dr. Copper is reputed to have a Ph.D. in economics because of its ability to predict turning points in the global economy.
The energy that turns the wheels of the global economy – oil.
Lumber prices appear to have peaked. This spring set the highest prices ever for lumber. The parabolic rise is collapsing. What does that say about the housing bubble?
Commodities are not in dire straights. Not yet anyway. Lets say a yellow caution flag has been raised.
Here we sit, broken hearted.
Spent a penny and only got old waiting.
We’re seeing housing sales slowing down in the NW, one of the hottest in the nation.
Important charts for sure. Thanks SF.