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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (8536)	2/24/2004 10:58:01 AM
From: Steve Lokness	Respond to of 110194

Condor; your comments are right on. What a joke this free trade debate has become. We subsidize our farmer conglomerates to the tune of billions as we have lumber producers in the past. I'm not sure though that this administration is running around plugging holes so much as they are running around paying off debts. Lumber prices have remain very stable through all kinds of mischief with Canadian producers and yet all of sudden they are exploding? Why? My supplier even attributes it to the use of wood in Iraq! Still believe the thing to watch is the housing market. In the past recessions it has been pent up demand that was satisfied with lower interest rates as mortgages became affordable. This time it HAS been different as rates have remain so darn low and housing unlike in the past roared all through the recession.