Bronco told us years ago that the days of relatively cheap food and energy were coming to an end. That his administration would “fundementally change” and “transform” this country. With his sock puppet Biden signing the orders and bills, that is what is taking place.
I wonder what the zombie president will pull out of his diaper before the mid terms?
Jimmuh Cahtuh II
What happened is that when the Federal Reserve lowers interest rates the financial top dogs sink their fangs into the futures market, sending commodity prices soaring.
The mortgages get lower interest rates, but lumber becomes unnaturally expensive.
If the Federal Reserve lowers interest rates, commodity future contract holdings should be limited to the customers’ usual and customary amounts by period. Mr. Lumber Futures Holder should only be able to hold as many lumber future contracts in June of 2022 as he did in on average of the previous five Junes.
For those not ‘Of the Faith,’ “sitting shiva” is the Jewish ritual of mourning.