It's Ok You're welcome

[kraft-t]

That gob and a bunch I sold last week set this all up for you folks.  The question is when will you pull the trigger? We all have to make that decision at some point in time. It can be now or $2 higher or $2 lower. I'm not buying any back on the board. I'm satisfied with less than you get.

I'm just every so thankful that sometimes farmers get an opportunity for windfall profits. Think of all the millions that work all their lives and never receive an "extra" 50k or 100K for a years work. It makes you realize how lucky we are to be farmers.

[jec22]

And they can thank me for my way below normal yields that set up this rally.  

[kraft-t]

Perhaps this will help you to recover somewhat from lower yields. I would be in favor of that. I like black ink better than red ink for any farmer. I hope these markets makes you at least partially well. Good luck!

[4wd]

I'm gonna wait for the new congress to take charge. There is just too much in motion right now. Ben's money loaded freightrain is full steam ahead, probably for the next quarter, or until the new congress can stop him. he will make poor folks out of all of us if the money printing presses don't slow down.

[kraft-t]

Ah but those of us with debt will pay it off with cheap dollars. Evidently, you think the new congress is a ticket to prosperity. I'm not sure at all about that.

What impact do you think that will make and how will that be good for us?

[JRfrom OR]

Bernanke is taking a lashing from every quarter for his "bad policy".  To accuse him of this is to insinuate that there is a "good" policy, and to understate the severity of our situation.  The US financial situation is extremely precarious, I can see the possibility, down the road, of Bernanke being praised for buying time for the more prudent to prepare.  As for the dollar weakening, good riddance, every country in the world wants a weak currancy relative to the dollar.  We've lost enough jobs and been the worlds consumer for far too long already.

[Artifice]

Bernake did his PHD thesis on the depression and knows the societal risk of same.

What would you do if you were he? Vs the conditions, I think his work has been impressive. The critics as usual have little perspective.  $600 billion equals aprox 1% of annual economic output.

Universal bullishness in grains relative to prices vs the yes, snug, but not tight S&D may equal a  ….

Artifice  

[4wd]

You'd better get some new batteries for your calculator Artie. $600 billion is 4% of GDP, and who is to say he will stop there? He supplies the air for the banks and their continued lending, and the losers, whom he doesn't give a dam about, are the old folks, anyone with savings accounts, and those on fixed incomes in this country. He is a thief in the night, only he doing it legally. Yeah, Bernake is your kind of a guy for sure.

[Artifice]

GDP  wprld  61.06 Trillion is a recent #.   world economists are who are complaining. Don't think he has many other choices.

It is a terrible mess this 1% era,

someone saves hard, 300k, retires in 1994, gtting 6%,  now is 86,

getting 0. 

Bigger risk is too many assets have been drawn into bond funds etc ,

"feels safer", but now those ations have built a big bubble there. 

3% nds fund with a few % upside & 30% downside, but owners don't even know it. 

[nwobcw]

Thanks kraft t.  You can sleep well not wondering when the Chinese and/or wall street are gonna pull out of the market.  Early '08 I sold what I thought was 1/2 of 08 and 09 beans at $13+.  It turned to be a lot more than 1/2 as 08 was dry and 09 beans had to be replanted, some twice.  Haven't seen $13 beans since.  I have my reservations about the new congress.  Despite all the hand wringing, posturing, etc. I don't expect much to be done with the financial problems until their backs are against the proverbial "wall"".  That said, we may be close to it but it's anybody's guess.  Myself, I'm debating on "moneying up" or buying a farm.  And going out of my way to not drive past the John Deere dealer.