Replies to post #23978 on The Rising Influence of Rising Affluence

[tika1]

This will increase the use of plastic ( aka fossil fuel ). No matter what MSM, Bloomberg, and vocal left say, fossil fule is here to stay for the next 50 years. Fossile fule Demand will grow for next 5-10 years before renewable will slowly take over. It is a long process. We are not able to replace coal yet after 2 decades of try. Oil and Natural gas still have a long way to go.

The energy sector is still a bargain on a cash flow basis and will remain so for the next 2 years. $70 oil is on the horizon and few mid-cap energy stocks will double/triple.

CVE, CPG, WCP.to, and a few other Canadian mid-cap are a good bet.

[DewDiligence]

Lumber prices may have peaked. Traders have bid them up expecting a benefit from infrastructure spending, but wood comprises a very small portion of most infrastructure projects. Meanwhile, the US housing market probably can’t get any hotter.