Lumber SHORTAGE = Logistical Nightmare! Simon Caron, Uneducated Economist @Uneducated Economist

Jason Hartman welcomes Simon Caron, the Uneducated Economist, who quite frankly, is a lot more educated than many economists out there! With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis.

He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies.

UneducatedEconomist.com
""Welcome to the Uneducated Economist, the place where street level thoughts and conversations take place covering all things macroeconomics. I have never taken an economics course, nor was I raised with that being a common topic of discussion. When the great financial crisis hit in 2007, I found myself very confused by the collapse of the economy. What started off as curiosity, grew to a hobby, and has now become an obsession. Studying the economy, the cause and effects of monetary and fiscal policy is difficult to understand - to say the least. As The Uneducated Economist I take complex economic issues and break them down so anyone can understand and have a conversation about.""

0:00 Welcome Simon Caron, the Uneducated Economist - the logistical nightmare behind the current lumber shortage
4:56 Builders need to order supplies before they even have a permit which puts the cart before the horse
6:04 If building material costs keep going up, how can home prices stabilize?
8:31 Widening gap between housing starts and housing completions
10:39 Windows are to houses as semiconductor chips are to automotives
12:31 Simon Caron explains the Cantillon Effect
15:20 The Cantillon Effect leads to wealth transfer and poverty
17:46 How will this building and construction issue play out over the next 1-2 years?
20:29 The Fed has lost control over inflation
23:08 California's supply chain problems and shortages
23:50 Decline in the standard of living
27:29 Pay attention to debt (especially corporate debt), rising interest rates and central bank digital currencies
30:19 Moving away from the Dollar as a reserve currency
31:25 The good, the bad, and the ugly about central bank digital currencies
33:02 Central bank digital currencies and universal basic income are inextricably connected
35:17 It's become burdensome to use cash
38:04 Find Simon Caron on YouTube, Instagram and UneducatedEconomist.com

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