Worldwide population up, ag commodities down.
Oil less than 1/2 it's peak a year ago. Gold is stalled.
Real property in the US down 30+%, with some areas down 60%.
Everything is getting cheaper, smaller and weaker...'cept Uncle Sam.
Even state, county and municipal governments are getting smaller...or, at least, reducing their rate of growth. Much, much more to come for them.
It’s not deflation. Prices are cheaper than a year ago but back then we where in a speculative frenzy the likes of which has never been seen before or since. Prices returning to earth, but still high by historic standards, isn’t deflation.
Farmers I know are hurting.
Low produce prices but high fuel, fertilizer and feed costs.
Plus regulations raising their cost of production.
Take that statement to the grocery store and see what you find...
I worry about the continued viability of American agriculture. Yesterday we bought a whole pork loin for $1.38 a pound, that was nice at the time but leaves me wondering if I need to make plans to grow my own meat in the future.
I wonder what kind of an insane plan the Obamabots will come up with to “save” agriculture.
I suppose I should be like the woman on TV many years ago when we were having a crisis in agriculture with family farms going bankrupt left and right and Willie Nelson was holding “Farm Aid” concerts. When asked for her thoughts on the situation she gave a classic reply, “I don’t worry about the farmers, I get my food at the grocery store”. I am not kidding folks, I saw this, I remember it because my wife and I were so struck by it that we made it our little “inside joke” for years. They walk among us...and they vote!