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Celente Predicts Super Depression in 2012
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<blockquote data-quote="Brandonm22" data-source="post: 686318" data-attributes="member: 7645"><p>The USDA has a forestry specialist, Al Shuler. As the value of timber is directly affected by the demand for wood...ie new home starts, we follow housing pretty closely. I wouldn't wish this on anyone; but the lumber business could use a couple of massive hurricanes about now. How accurate Al Shuler, USDA Forest Service, is with his report of July 7, 2009 I don't know; but since the FDIC pretty much has open books at all the banks and it is all one big happy government I suspect that those numbers are pretty close.</p><p></p><p>I think ranchland is still up there. Ditto with cropland. I am seeing a lot of deals pop up in forestland. In this area, the developers got kicked in the teeth pretty hard. There are a lot of tracts on the market that developers and speculators had gobbled up and there are a new subdivisions being foreclosed on. I am not seeing any of it move though.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 686318, member: 7645"] The USDA has a forestry specialist, Al Shuler. As the value of timber is directly affected by the demand for wood...ie new home starts, we follow housing pretty closely. I wouldn't wish this on anyone; but the lumber business could use a couple of massive hurricanes about now. How accurate Al Shuler, USDA Forest Service, is with his report of July 7, 2009 I don't know; but since the FDIC pretty much has open books at all the banks and it is all one big happy government I suspect that those numbers are pretty close. I think ranchland is still up there. Ditto with cropland. I am seeing a lot of deals pop up in forestland. In this area, the developers got kicked in the teeth pretty hard. There are a lot of tracts on the market that developers and speculators had gobbled up and there are a new subdivisions being foreclosed on. I am not seeing any of it move though. [/QUOTE]
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Celente Predicts Super Depression in 2012
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