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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (19121)9/27/2004 11:45:55 PM
From: Roads End  Read Replies (2) of 110194
 
Mish, WRT lumber all you need to know is the industry still has way, way too much capacity just as all of forest products has. Your idea that unused capacity is not used because it is obsolete isn't valid in this industry. There is a lot of rusty iron put back into production and extra shifts added to make hay while the sun shines.
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