Posted by paul on January 07, 2015 at 18:43:23 from (76.77.197.114):
In Reply to: Re: Buying Land posted by NY 986 on January 07, 2015 at 13:41:02:
We won't repay 17 trillion dollars.... We won't ever get serious about that. Japan has bought its own debt for decades, they won't change that.
Sad thing is we look strong again compared to the rest of the world. Brazil, Europe, OPEC is trying to remove Putin by debasing his energy sales..... Its back to USA dollar, top of the world, the dollar is king again.....
Just got home from a marketing meeting this evening, corn and soybeans. The Funds bought us a little upswing here because they took their money out of Energy, and intrest rates haven't gone up yet, so Grains are easy to park money in for a time. But they are only here short term, they will drop us like a hot potato and no where to go but down with the carry over we and the world has. Will be blips upward, but the dollar is going up, oil and grain is going down together.
Then intrest rates kick up, and like you say we have land trending down.
But if anything goes wrong, anything at all, then we hit the cliff, and then its the 1980s again. We will ride it to the bottom, next year will be better, cant be like this another year, yadda.... Meanwhile East and West coast are prosperous, everything is wonderful, don't care what is happening in flyover land everything is roses.
It happens so fast, no one has time to step out of the way, or recover, or catch their breath.
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