Lumber Prices Indicate Next Wave Down Underway
June 25, 2010 at 14:30 PM EDT
As I’ve been saying all along, nothing is solved until the DEBT SATURATION is resolved. Depressions move in 3 waves, A down, B up, C down. The psychology of each wave is different – wave A equals “oh no!” Wave B equals “we’re saved.” And wave C equals [...]
