A number of corporations are issuing statements about how the tariffs and trade war could/will affect their earnings and how they need to raise their prices now in the face of potentially rising tariffs, potentially raising inflation and stagnating the US economy in 2020, much like the stag-flation of the 1970's. Some of those statements are actually registering in Washington this week and have put some pressure on our leaders and on Congress to tone down the rhetoric and to be realistic in our trade negotiations. Hopefully the cooler heads will prevail.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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