03-12-2013 06:39 AM
Just seems a little odd to me....
All time highs in stock market this week at the same time we have all time highs in Americans on food stamps - nearly 48 million. Don't really know what to make of it but it seems a little off...
Beans about 7 lower, corn unchanged and wheat off 3 cents. Equities will open a tad lower with oil unchanged and gold about $10 better.
More and more talk about plantings and weather sneaking into floor conversations..not really showing up in volatility levels. They seem awfully low but are also warranted. We haven't really gone anywhere since September last year.
For that matter, we have low volatilities across all asset classes. The VIX (fear index) is at 11.56...extremely low suggesting that investors think we have nothing to fear...I am not sure I buy into that but you may go broke before it pays off.
03-12-2013 07:04 AM
On come on here Scott ! Only 48 million ? It could be worse ! Like 50 million , You got to quit looking on the doom and gloom side my friend , lol
BTW -- Could you pass on to Mike that there has been a time change , I would BUT the last time I offered my Professional Services -- He the same as told me to go play in the street !
Hve a good day .
03-12-2013 08:15 AM
Don't you know that those food stamp dollars regurgitate themselves in the economy 3 times over and create economic activity. That is what Keynes taught us. Everyone should be on them. They are free and cost nothing and can be soldd for 60 cents on the dollar.
03-12-2013 09:00 AM
ehoff, Yes, just what I was thinking.....I gotta get me some.
I thought US farmers are already getting some, indeed a lot, through the farm plan with payments for many things.
Highly subsidized insurance.
Loans for marketing.
Have read objections to limiting these payments to $125,000 per farmer and $250,000 for a married couple.
Not sure many on food stamps would be able to get anywhere near that amount.
Of course if you could get food stamps too then you would be over that $125,000 or $250,000 limit with a different source of funds I guess.
03-12-2013 10:12 AM
me too. where do you get them things. Wonder if post office has 'em, bein' that they are stamps and all..........but, Hmmmmmm, to get them free you probly got to have a special code or something like that.
eehoff, do you know how to get them?
03-12-2013 10:28 AM
Last month there was 230+ thousand new hires and I wonder where they found all those people that want to work. I thought they were all lazyassed bums that wouldn't work if they were offered a job!
Such is the lingo that has passed for fact on the pages of agonline. Who knows, there may be even another thousand or so that would take a job if offered.
Oh how people like to blame the least of us for the shape the economy is in. Evidently the job creators that got those tax breaks are not doing as advertised.
03-12-2013 10:40 AM
I know you don't know me, but I was being honest (funny, perhaps). Just sayin' --- could a used some last couple years...the bills been gettin' pretty steep...I love to work hard, but also agree with spreading the wealth both ways....and i truly don't know how to get 'em...I just might be naive enough to think it's possible