Moon Kil Woong
Moon Kil Woong
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Farmland Is Not a Bubble [View article]
Farmland Is Not a Bubble [View article]
Yes, I agree, oil is just playing catch up with all other commodities that have already risen. That is a sad testament to what Bernanke's weak dollar policy is doing to everyone (making us all poorer). I hope you kept plenty of foreign currency if you live in Paris.
Farmland Is Not a Bubble [View article]
Even with this, the simple fact is all commodities are rising, not just food on dollar depreciation. So it will not solve the central problem which is massive federal deficit spending a lax Federal Reserve which is causing a completely different event: a giant flood of dollars spewing all over banks, financial companies, and public bureaucracies they happen to like.
Farming is a tough business and it is relatively hard to sell farmland. So I would not say there is not anything close to a bubble going on. Most farmers are already leveraged and need to spend $ on fertilizer, water, labor, and just surviving. They are usually lucky to just make it by. Large farming companies have seen profits rise and will grow, but I don't see them buying up land to speculate on 100% growth or a rash of mega start-ups in this area yet. When I do I'll laugh and short quite a few of them knowing how hard it is to be profitable in this field.
Today in Commodities: Blood in the Water [View article]
Today in Commodities: Not a Normal Market [View article]
Now that the banks are hoping against the American people recovering, we will see which side eventually wins. Split government has a way of making politicians side with the American people rather than governments. Funny how that is.
Today in Commodities: Stocks Lead, Commodities Follow [View article]
Today in Commodities: Stocks Lead, Commodities Follow [View article]
If you want a recovery let corporate earnings rise and keep oil close to $60 bucks. A regular recession would have oil close to that and although corporate earnings would have fallen more to start, we would have had shoots of recovery already sprouting all over with higher corporate earnings. Peter Schiff is right, some reflation, especially in the right places is a good thing.