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Banking, Economy

“Cathie Wood just wrote an open letter to the Fed accusing it of stoking ‘deflation’ and looking at the wrong economic indicators”

“The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginning to question whether the medicine (rate hikes) could be worse than the disease (inflation).… Continue Reading…

Banking, Business, Investing

“J.P. Morgan Acquires Forest And Timberland Investment Firm”

“This week, J.P. Morgan Asset Management announced that its $168 billion Global Alternatives division has acquired forest management and timberland investment firm Campbell Global, LLC.  Price and other terms of the deal with Campbell Global’s parent company, $140 billion asset manager BrightSphere Investment Group, were not… Continue Reading…

Economy

“Lumber prices dive more than 40% in June, biggest monthly drop on record”

“After a jaw-dropping rally this spring, lumber prices have come back down to earth as supply increased, speculative trading action cooled and homebuilding demand eased. Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back… Continue Reading…