Here is the $100 billion question: When is the stock market going to suffer a correction?
We, of course, are interested in this from the viewpoint of the forest products sector, however we all know that "no man is an island" (or any economic sector) and the inevitable correction will affect everything.
The US Federal Reserve Quantitative Easing or whatever they call it these days has done its good and has moved into the phase where it is doing its damage.
Little thought is given to what is happening on the interest rate side. Yes, if you happen to be refinancing a legitimate business, it is delightful to be able to do so at today's rates.
However, with desperate cash holders looking for better returns, it is equally reasonable to think that some junk bond status deals are being funded that should not be. There would be little to be concerned about with these deals if they punished only the funders and the developers. Unfortunately, ignorant developers can upset the markets of legitimate businesses with desperate product pricing schedules.
These conditions have been going on for a long time, and may seem normal, but they are not. One of these days, we are all going to pay, in ways we cannot anticipate.