Loading ...The Most Important Commodity For Housing Is Screaming “Recession”
Tyler Durden’s pictureSubmitted by Tyler Durden on 02/25/2015 16:53 -0500
While Crude Oil and Dr. Copper are often cited as economic indicators, as we noted previously, in fact Lumber prices are the most correlated with ISM and GDP of all industrial commodities (h/t @Not_Jim_Cramer). That is a problem. Lumber prices are tumbling – breaking to 18-month lows today. We have seen this picture before, and it did not end well…
http://www.zerohedge.com/news/2015-02-25/most-important-commodity-housing-screaming-recession