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another depression
followed by drought like in the 30's. What next dust bowl conditions?
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Re: another depression
......... prayer?
God help us. Tom S. in Tn.
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Re: another depression
It was the other way around. When the market crashed in 1929, it rallied into the spring of 1930. It almost made all the losses back . Then because it was dry in the spring of 1930 farmers stopped buying as the drought took hold. (at that time a plurality of people were in agriculture) From the spring of 1930, the stock market began a slide which ended in the summer of 1932.
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Re: another depression
What depression? We are spoiled rotten. Most young couples have way more starting out than us oldies did in the 70's.
Just read that 37% of Americans are overweight. No money shortage there for food.
For me, these are still great times. I know my old fashion marketing is made fun of. But having the bills paid and not needing this years crop to do took me a long time to get to. And it is a place that works for me and leaves the stress out. I will probably hold the rest of my 2011 crop too long, and miss the highs again. That will be OK.
In times like this, a lot of times every sale is better than the last one. That is a good marketing problem to have.
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Re: another depression
Another reminder of how good we have it.
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Re: another depression
foodstuffs were a HIGh % of GNP in the 30s,, very high % of what we produced and consimed.
today, far smaller.
alo the #s. 0.5 of the popultion farms? s vs 2 in 1970 and a guess
60% in the 30s.
but, yes a depresion could arrive, odds 1/3.
Pritchard
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Re: another depression
Jec22 some of us are so hard up that we nothing but stale bread with lard smeared on it. Pretty hard to keep your weight down.