Monday, March 03, 2008

Inflation Gets Ridiculous

There has been more than a little hysteria about inflation recently, but this article from the WSJ may mean the inflation of stories about inflation is hitting a top:

Ernie Johnson figured $100-a-barrel oil was bound to happen someday. But the 58-year-old businessman Missoula, Mont., never thought he'd see sawdust at $100 a ton.

The price of sawdust has soared since 2006, up from about $25 a ton to more than $100 in some markets. Blame the housing slump: Fewer new homes mean fewer trees cut for use in construction, which leads to less sawdust and other wood waste, driving up the price.

Can we find anything else to blame on the housing slump?

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