by Trump looks to be losing by a substantial margin at the moment, which meansto me that there won’t be a fiscal adjustment before January’s new Congress,and without a sufficient majority in the Senate all initiatives may be blocked indefinitely. Most likely new home sales at best return to their pre covid growth path: Trump was upset with Canada because they weren’t charging us enough for lumber: Lumber prices across North America have nearly tripled since 2019. Based on a weekly price report by the B.C. Ministry of Forests, Lands and Natural Resources, the price of SPF (spruce, pine, fir) 2×4 lumber – as of Sept. 18 – is at ,288 per thousand board feet, up from a 2019 average annual of 9.
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WARREN MOSLER considers the following as important: Economic Releases
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Trump looks to be losing by a substantial margin at the moment, which means
to me that there won’t be a fiscal adjustment before January’s new Congress,
and without a sufficient majority in the Senate all initiatives may be blocked indefinitely.
Most likely new home sales at best return to their pre covid growth path:
Trump was upset with Canada because they weren’t charging us enough for lumber:
Lumber prices across North America have nearly tripled since 2019. Based on a weekly price report by the B.C. Ministry of Forests, Lands and Natural Resources, the price of SPF (spruce, pine, fir) 2×4 lumber – as of Sept. 18 – is at $1,288 per thousand board feet, up from a 2019 average annual of $499.
