HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » The Crash is Coming

Wed May 15, 2019, 05:55 PM

The Crash is Coming

Everyone is touting how good the economy is and debating how much credit goes to Obama vs. Trump. What is not being talked about and should be is the state of America's farmers.

In the 1920''s, while the rest of the country was experiencing the "Roaring Twenties," American farmers were hurting - Then came the crash of 1929.

The same happened in the 1980s. My father-in-law who was a lifelong farmer kept talking about how the 80s were looking exactly like the 20s - Then came the crash of 1987.

Under George W., the farm economy was like a roller coaster - up and down, up and down - and anything but stable. Then came the crash of 2008.

Now, in part due to Trump's tariffs, the farmers are going down. There's even been a marked increase in farmer suicides. This is the canary in the coal mine.

The crash is coming.

4 replies, 1595 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply The Crash is Coming (Original post)
citizen blues May 2019 OP
guillaumeb May 2019 #1
James48 May 2019 #2
guillaumeb May 2019 #4
Wellstone ruled May 2019 #3

Response to citizen blues (Original post)

Wed May 15, 2019, 06:00 PM

1. The economy is built on huge levels of debt.

And the willingness of lenders to lend more.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to guillaumeb (Reply #1)

Wed May 15, 2019, 06:26 PM

2. It's closer than you think

This morning Trump’s policy guys backed off tariffs for imported cars, under the fake guise of “national security”. They are delaying imposing those tariffs by six months.

Why did they postpone for six months?


Because data showed April manufacturing production and April retail sales both FELL, when they were forecasted to grow.

It’s started.

The recession is about to hurt big tine.

Give it two months. Three tops. Then the bottom falls out.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to James48 (Reply #2)

Wed May 15, 2019, 08:09 PM

4. And if it does, Trump's chances for re-election drop.

Thus the necessity for a war.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to citizen blues (Original post)

Wed May 15, 2019, 06:33 PM

3. You are so right on.

 

Opening the World Markets created a false security blanket for our Farmers. As soon as the Markets opened up,boom,then the false sense of never worrying about massive over production,or land values going nuts,or farm equipment manufacturer's offering zero percentage Loans on equipment and the rural spin on how wonderful every thing is,while the Conservative Storm Clouds formed and the Tariff chatter began to amp up.

And yes once those massive Subsides of the middle eighties were yanked,things went to hell in a big hurry.

That so called 15 billion Soybean order has a September drop dead date,my sense is we the American Public will be subsidizing 25 to 50% of that order if it holds. The Mississippi River opens for Barge Traffic on June 1,watch the Soy story on or about a week later.
This is the DU member formerly known as Wellstone ruled.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread