5 ms·
The article is from May. A lot has happened since then. This chart of lumber futures gives an idea of the recent past (zoom out 1-5 years for perspective): <h
by aazaa 5y ago
The article is from May. A lot has happened since then.
This chart of lumber futures gives an idea of the recent past (zoom out 1-5 years for perspective):
<https://www.tradingview.com/chart/?symbol=CME%3ALBS1! https://www.tradingview.com/chart/?symbol=CME%3ALBS1!>
In a nutshell: a huge advance and now what appears to be a crash (~ -50%) is currently in progress.
The bigger picture is how indicative this compressed boom-bust story is of the future of the surge in US inflation. Lumber is showing us how easy it is for the market to reject ridiculous prices. What's unclear is how low lumber, and other goods/commoditiies that have seen similar booms, can go.
Edit: this links seems to work better
https://www.tradingview.com/symbols/CME-LBS1%21/ https://www.tradingview.com/symbols/CME-LBS1%21/
- ketamine__ 5y agoChart doesn't load. I'm on Brave. What am I missing? Downvotes? Really? Eat shit.
- yhoneycomb 5y agoDoesn't load for me either (Firefox) edit: Doesn't even load on Chrome. I think it's just a bad link. Or a bad site.
- Izkata 5y agoI was a about to reply confirming and saw it was just edited: The ! is part of the link and now it works
- aazaa 5y agoOdd. I found a better link: https://www.tradingview.com/symbols/CME-LBS1%21/ https://www.tradingview.com/symbols/CME-LBS1%21/
- dang 5y agoYou've been breaking the site guidelines badly enough and repeatedly enough that I've banned this account. I appreciate that you did better with this one than with the previous account we banned, but even so the pattern with this one is not acceptable and commenters to HN need to do better than this. If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us a reason to believe that you'll follow the rules in the future. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- ketamine__ 5y agoI’ll just create another account and start again. You won’t stop me.
- dang 5y agoI added angle brackets around your first URL to make it work. I hope that's ok. https://news.ycombinator.com/formatdoc https://news.ycombinator.com/formatdoc
- jrochkind1 5y agoIs lumber already cheap to the consumer? Or you (and the futures markets!) are predicting it soon will be? If the latter... what do the future markets currently say about expectations of when prices will be back down to what they were or lower? Ie... when should I plan on building my deck?
- gscott 5y agoI know someone who picks up loads from sawmills and it turns out there was no lumber shortage. They were just holding back on shipments to drive up prices taking advantage of the inflation trend.
- deleted 5y ago[deleted]