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#1077 Dave Collum On Why Everything Is Worse Than You Think

The Pomp Podcast

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What Are the Second and Third Order Effects of the Inflation?

When we saw the explosion in lumber prices, there was a tot of people saying like, we have no clue where this price will be 30 days from now. And so i guess less about the specifics of the numbers, but just when you have so much volatility in various parts of the economy and so much uncertainty, what are the second and third order effects of that? Should we expect there to be breaking of tonal things across the economy just because people are scared, or people are uncertain of the future? Or has markets always operated this way? And it may be it's just being magnified.

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