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Is the market just reacting to an Obama presidency or
Re: Is the market just reacting to an Obama presidency or
Where have you been for the past 3 years? This has been happening long before Obama ran for prez. Egg prices, coffee prices, milk prices, sugar prices, everything in the groceries have gone up big time. Thank Bush for that.
Loved by some, Hated by most, but RESPECTED BY ALL
2012 APF Ca. State Champion & Double Record Holder
Re: Is the market just reacting to an Obama presidency or
I think it goes in cycles it is like saying gas prices are now down because Obama got elected... well that just is not true, i think the war has had an impact on the economy and many other factors, does the president have influence on it sure.... but there is a lot more to it...
“Don't worry about life, you're not going to survive it anyway.”
LOL, yeah I know. I just get tired of hearing things like that around here. She must not have researched the other guys ag policies because he wanted to get rid of the ethanol subsidies.
LOL, yeah I know. I just get tired of hearing things like that around here. She must not have researched the other guys ag policies because he wanted to get rid of the ethanol subsidies.
bro...we both know that regardless of who won...you'd here shyt from someone about what a bad job "he's" doing. they all suck!!! i've said it since the beginning...they ALL sucked!!
HE WHO MAKES A BEAST OF HIMSELF, GET'S RID OF THE PAIN OF BEING A MAN!!
is our economy in such deep shit we aren't going to see the end for a few years?
We farm and I've watched the price of corn and beans steadily fall since the election. Obama is already fuking with my life.
Economies are usually cyclical but the situation we are in is unique now.
Lets step back to 1982. The economy was finally rid of inflation and we had strong economic growth through favorable tax policies (lower taxes, investment and energy tax credits) and the economy grew nicely from 1982 to 1990 without inflation.
Just like any cycle, all good things must come to an end and we started seeing weak economic growth.
Then a once in a lifetime event occured.. the internet. It exploded productivity and growth and launched us into another almost decade of growth.
Once again, the party was nearing an end when the fed (the people who control interest rates to keep it simple) decided to put t he pedal to the metal and inject liquidity into the economy (lowering of interest rates) giving the banks huge margins of profit on loans.
This led to a period of easy credit. So much so that the banks were lending irresponsibly. We all saw this when they starting giving mortgages to anyone with a pulse and the car manufacturers thought that people were going to be buying new cars every 2 years forever and were giving 5 year no interest loans. Real estate prices exploded and once again people felt wealthy.
The brilliant ones went out, tapped into this fake equity in their homes and started spending it. This fueled and prolonged the economic expansion even longer.
Now people are tapped out of their fake wealth since they squandered their so called home equity, the banks are busted because they made way too many bad loans.
Once again, here we are... The government is trying to sure up the markets and keep economic growth alive but to no avail. We can't keep nationalizing industries. The way I see it we have two choices, either let the economic excess unwind and although uncomfortable, we will eventually get out of this. The other option is to infalte your way out of the problem by injecting liquidity and printing paper. By doing this we ris strength of our dollar not only now but for many years to come.
Hope you sleep well
A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson
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