How does speculation drive the price of lumber up? | Hacker News

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		ketamine__ on June 27, 2021 \| parent \| context \| favorite \| on: Why wood has gotten so dang expensive How does speculation drive the price of lumber up?

barbacoa on June 28, 2021 [–]

Speculators are buying lumber futures. When too many start betting that the price will go up it becomes a self fulfilling prophecy.

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