Weather he is right or not a good discerption of how free markets react
JMHO
Thanks much, cutworm!
Great discussion that includes alot of different forces which DO impact lumber demand, supplies and prices.
One thing that might be impending that he didn't spend much time on is a recession.
The drop in recent lumber prices because of less demand could be part of the oncoming recession.
I know that there's been alot of TALK and SPECULATION about a recession for years now but there's no denying the strong signs that are increasing.
And its not just the United States. Globally, many economies are looking weak.