11-28-2012 08:14 AM
Euro is lower. The 10 year yield is lower. Gold getting hit as well as oil. The dollar is stronger. Wheat, corn and beans all in the red.
Getting ready for higher taxes and listening to the talking heads on Capital Hill. What a crazy time we are living in.
Stocks will open lower again. Get ready for this action or lack there of for the the rest of the year. We are not going to get out from underneath the rhetoric for awhile.
Kind of gets a little frustrating. We all wan things to get moving.
11-28-2012 08:35 AM
Large taxes on my immagined wealth will put some brakes on "the economy". They will not do it will they? We are downshifting the economy.
We will die of the cancer because we are scared of the treatment.
Where are we when a great Ag economy collides with a economic _________?
11-28-2012 11:53 AM
This was posted on the other site but I thought I'd pass it along. Makes one wonder what kind of solution can ever be reached.
11-28-2012 12:39 PM
We have been refering to it also. Read it yesterday in the WSJ. Seeing it in print seems to be affecting the attitudes this morning-------------
And it should.------------------- Takes some sickly poor leadership to get us that far down a bad road. -------- straight from the congressional districts that vote for promises without caring how they are paid for.
Proof that congress delivers on a promise--------- every promise---- our "parent" who never punishes and always gives, gives,gives.
and just takes a little for themselves.
11-28-2012 03:28 PM
Yesterday's gains were supported and held today. Looks like till there is definite economic catastrophe, the fundamentals of short supplies may rule the day.
Kind of looks like what used to be called a "Mexican stand off" to me. I would think in the next two weeks one side or the other is going to have to blink.
The livestock guy's are importing $8.30+ corn into this country and the Brazilian's are going to source beans from their neighbors till their harvest. They are not giving up yet.
Corn may have a long term support due to distance from the next harvest but beans with decent weather in SA probably best case 80 to 100 day window of opportunity.
The problem then is can they supply the whole world? (including a bunch into this country) We may be fast doing the same thing the S.A. farmers did... sell too much internationally and come up short 70+ days before harvest.
The Head Fred of this country is planning on doing the same thing that Argentina has done ...Tax the begeezers out of the ones producing to give it away to bankers for intrest and those not producing.
I've got 30 days to decide my course of action.
When we run out of enthusiasm for that and do a work slow down, the next attack will be on your retirement accts. Check out what happened in Argentina, and restrictions in places like Iceland. Just plain fugugly.
We may very well have created our businesses but will not be the ones tearing them down... kind of basackwards of the way the head Fred put it a few months ago.
Well that is enough doom and gloom for one post.