lumber

Weekly Update

Markets Shrug off Inflation


Published June 11, 2021

This week’s inflation report generated plenty of alarming headlines. As the chart below shows, inflation hit its highest point since, well, the end of the last economic crisis. Which points to one of the reasons why the alarming headlines are misleading. (more…)

Weekly Update

A Labor Squeeze Could Be the Inflation Spark


Published May 7, 2021

The predominant narrative right now in the markets is that inflation will rise as economies reopen and recover. While it’s easy to find inflationary movements in the price of some goods like lumber, houses and food, the primary driver of overall inflation comes from rising wages. Pre-pandemic, wages had been stagnant for years. (more…)