- 09 Sep 2021 06:54
#15189446
The Lumber Bubble Has Burst! Here's What Happens Next...
Just like I, and many others, predicted, the price of raw lumber has returned to close to normal.
I understand that the peice of used cars has also fallen a lot.
Prof. Bill Mitchell says that for high inflation to continue there must be a "fair" fight between business owners and workers over wages. If the fight is unfair and workers can't keep demanding raises as inflation continues, inflation will not remain high. Today, this fight is very unfair, in the 70s and early 80s the fight was fair and so workers could demand and get raises, which then caused the owners to raise prices, which ... .
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Just like I, and many others, predicted, the price of raw lumber has returned to close to normal.
I understand that the peice of used cars has also fallen a lot.
Prof. Bill Mitchell says that for high inflation to continue there must be a "fair" fight between business owners and workers over wages. If the fight is unfair and workers can't keep demanding raises as inflation continues, inflation will not remain high. Today, this fight is very unfair, in the 70s and early 80s the fight was fair and so workers could demand and get raises, which then caused the owners to raise prices, which ... .
.