04-28-2021, 06:13 AM
(04-28-2021, 04:01 AM)Duchess Wrote: The price of wood started going up in 2017 and has risen steadily since then.
Lumber on the Nasdaq was roughly $300 when Trump took office. It was $700 when he left office. It closed yesterday at $1286. If this trend continues throughout Biden's term the price wll be in the vicinity of $14,000 when it ends, which would fit the definition of hyperinflation.
https://www.nasdaq.com/market-activity/commodities/lbs