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Posted
16 minutes ago, grinreaper said:

Hmmn, what with a ton of unfilled jobs and wages going up substantially one would think that retail would continue to be strong regardless of any glitches.

 

the market is always inefficient, that's one of the beauties of it

 

i shudder at the days when a lib government demanded full employment and its suckass press played along

 

 

Posted
1 hour ago, grinreaper said:

Hmmn, what with a ton of unfilled jobs and wages going up substantially one would think that retail would continue to be strong regardless of any glitches.

Market ***** the bed in December. People were worried about recession. Tightens the purse strings a bit (my opinion)

Posted
2 hours ago, Kevbeau said:

Market ***** the bed in December. People were worried about recession. Tightens the purse strings a bit (my opinion)

 

blips occur

 

the media was predicting the end of the world 24/7 and telling everyone to get used to wearing oaken barrels as their only possession

 

i hope even 1 of them sold all their holdings short to meet their predictions

 

Posted
2 hours ago, Kevbeau said:

Market ***** the bed in December. People were worried about recession. Tightens the purse strings a bit (my opinion)

 

Government shutdown didn't help in that regard, either.

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Posted (edited)
Quote

A wave of bankruptcies is sweeping the U.S. Farm Belt as trade disputes add pain to the low commodity prices that have been grinding down American farmers for years.

Throughout much of the Midwest, U.S. farmers are filing for chapter 12 bankruptcy protection at levels not seen for at least a decade, a Wall Street Journal review of federal data shows.

 

Bankruptcies in three regions covering major farm states last year rose to the highest level in at least 10 years. The Seventh Circuit Court of Appeals, which includes Illinois, Indiana and Wisconsin, had double the bankruptcies in 2018 compared with 2008. In the Eighth Circuit, which includes states from North Dakota to Arkansas, bankruptcies swelled 96%. The 10th Circuit, which covers Kansas and other states, last year had 59% more bankruptcies than a decade earlier.

https://www.wsj.com/articles/this-one-here-is-gonna-kick-my-buttfarm-belt-bankruptcies-are-soaring-11549468759

 

?‍♂️

Edited by Tiberius
Posted
On 2/19/2019 at 5:16 PM, TPS said:

Even the WSJ is coming around on deficits.

https://www.wsj.com/articles/worry-about-debt-not-so-fast-some-economists-say-11550414860

there is one major error in the article, trying to compare the US with Greece and Italy--those countries do not have a central bank that controls and independent currency, and they have to live by the debt constraints imposed on EMS countries. 

 

The tax situation in Greece is specialty egregious

Posted
8 hours ago, Tiberius said:

Damn article is pretty depressing. Farmers are hurting way more than I realized.

It's  been going on for awhile now, since the commodity bubble popped in 2014. The trade war didn't come at a good time for them.

Posted
On 2/22/2019 at 5:51 AM, TPS said:

It's  been going on for awhile now, since the commodity bubble popped in 2014. The trade war didn't come at a good time for them.

From the you get what you vote for in incompetent governance category: 

 

https://www.politico.com/story/2019/02/22/trump-trade-south-dakota-1180196

 

 

South Dakota Gov. Kristi Noem said Friday that President Donald Trump’s trade wars have “devastated” her state, and though she agreed that countries like China were not following fair trade practices, she urged the Trump administration to quickly wrap up its trade talks there. 

 

“South Dakota has been devastated by the trade wars that are going on,” Noem said at POLITICO’s State Solutions Conference, noting that agriculture is “by far” the largest industry in the state. The Republican governor warned that the trade woes of farmers can trickle down to the rest of the state, impacting “every main street business, everybody that has another entity out there that relies on a successful ag industry.”

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